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I just need help on 7, 9, & 10 of balance sheet. Instructions Renee Corporation has the following stockholders' equity information: $5 Par Common $10
I just need help on 7, 9, & 10 of balance sheet.
Instructions Renee Corporation has the following stockholders' equity information: $5 Par Common $10 Par Preferred Additional paid-in capital $2,250,000 $50,000 Shares: Authorized 750,000 40,000 Issued 300,000 8,000 Outstanding 250,000 8,000 Retained earnings is $1,837,000, and the cost of treasury shares is $1,200,000. Required: Prepare the stockholders' equity portion of Renee's balance sheet. Balance Sheet Shaded cells have feedb Renee Corporation Score: 75/90 Balance Sheet (Partial) December 31 1 Stockholders' equity: Common stock, $5 par, 750,000 shares authorized, 300,000 shares issued, and 250,001 Preferred stock, $10 par, 40,000 shares authorized, 8,000 shares issued and outstandir $1,500,000.00 80,000.00 4 Additional paid-in capital: Common stock $2,250,000.00 50,000.00 Preferred stock 1,837,000.00 7 Total capital stock 8 Retained earnings 9 Less: Treasury stock 10 Total stockholders' equity
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