List Of Accounts

Cash Common Stock Common Stock Dividend Distributable Computers Dividends Payable No Entry Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Retained Earnings Treasury Stock

Practice Problem 15-1 Monty Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders equity Preferred Stock, 60,000 shares Common stock, 1,200,000 shares Paid-in Capital in Excess of Par Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $6,000,000 2,400,000 360,000 28,800,000 12,500,000 The following transactions affected stockholders' equity during 2018 Jan. 1 600 shares of preferred stock issued at $108 per share Mar. 21 109,000 shares of common stock issued at $42 per share. June 1 2-for-1 common stock split (par value reduced to $1) July 1572,000 shares of common treasury stock purchased at $33 per share. Monty uses the cost method Sept. 4 -11,000 shares of treasury stock reissued at $40 per share Dec. 31 - The preferred dividend is declared, and a common dividend of 814 per share is declared Dec. 31 - Net income is $4,372,000. Prepare the stockholders' equity section for Hatch Company at December 31, 2018 Stockholders' Equity December 31, 2018