MetlockCompany reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet Preferred stock,9 , $100par (10,000 shares authorized,2,200shares issued)$220,000Common stock, $5par (92,500shares authorized,18,500shares issued)92,500Additional paid in capital130,000Retained earnings447,000Total$889,500 During 2020,Metlocktook part in the following transactions concerning stockholders' equity 1 Paid the annual 2019 $9per share dividend on preferred stock and a $2per share dividend on common stock These dividends had been declared on December 31, 2019 2 Purchased1,800shares of its own outstanding common stock for $38per share Metlockuses the cost method 3 Reissued600treasury shares for land valued at $29,500 4 Issued500shares of preferred stock at $106per share 5 Declared a10 stock dividend on the outstanding common stock when the stock is selling for $41per share 6 Issued the stock dividend 7 Declared the annual 2020 $9per share dividend on preferred stock and the $2per share dividend on common stock These dividends are payable in 2021 Part 1 Correct answer icon Your answer is correct Prepare journal entries to record the transactions described above (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) No Account Titles and Explanation Debit Credit 1 Common Stock Dividend Distributable Treasury Stock Buildings Bonds Payable Property Dividends Payable Paid in Capital in Excess of Par Preferred Stock Paid in Capital from Treasury Stock Share Premium Ordinary Share Capital Preference Preferred Stock Equity Investments Share Capital Ordinary Land No Entry Common Stock Unamortized Bond Issue Costs Income Summary Debt Investments Organization Expense Cash Legal Fees Expense Dividends Payable Preferred Retained Earnings Unrealized Holding Gain or Loss Income Equipment Paid in Capital in Excess of Stated Value Common Stock Paid in Capital in Excess of Par Common Stock Dividends Payable Common Discount on Bonds Payable Share Premium Conversion Equity Retained Earnings Appropriated for Plant Expansion Unrealized Holding Gain or Loss Income Share Capital Preference Preferred Stock Cash Common Stock Dividends Payable Preferred Legal Fees Expense Share Capital Ordinary Unamortized Bond Issue Costs Paid in Capital from Treasury Stock Retained Earnings Appropriated for Plant Expansion Equity Investments Buildings Share Premium Ordinary Share Premium Conversion Equity Dividends Payable Common Income Summary Paid in Capital in Excess of Stated Value Common Stock Property Dividends Payable No Entry Equipment Bonds Payable Retained Earnings Discount on Bonds Payable Debt Investments Land Organization Expense Paid in Capital in Excess of Par Preferred Stock Common Stock Dividend Distributable Treasury Stock Paid in Capital in Excess of Par Common Stock Paid in Capital in Excess of Par Preferred Stock Equity Investments Legal Fees Expense Income Summary Preferred Stock Equipment Share Capital Ordinary Share Capital Preference Retained Earnings Land Paid in Capital in Excess of Par Common Stock Treasury Stock No Entry Share Premium Conversion Equity Bonds Payable Common Stock Dividend Distributable Property Dividends Payable Discount on Bonds Payable Cash Paid in Capital in Excess of Stated Value Common Stock Organization Expense Share Premium Ordinary Dividends Payable Common Unamortized Bond Issue Costs Dividends Payable Preferred Unrealized Holding Gain or Loss Income Paid in Capital from Treasury Stock Common Stock Debt Investments Buildings Retained Earnings Appropriated for Plant Expansion 2 Common Stock Dividend Distributable Treasury Stock No Entry Paid in Capital from Treasury Stock Share Premium Ordinary Legal Fees Expense Share Capital Preference Retained Earnings Equity Investments Share Premium Conversion Equity Dividends Payable Common Equipment Income Summary Property Dividends Payable Paid in Capital in Excess of Par Preferred Stock Discount on Bonds Payable Debt Investments Retained Earnings Appropriated for Plant Expansion Organization Expense Cash Common Stock Share Capital Ordinary Bonds Payable Dividends Payable Preferred Paid in Capital in Excess of Par Common Stock Buildings Land Unrealized Holding Gain or Loss Income Preferred Stock Paid in Capital in Excess of Stated Value Common Stock Unamortized Bond Issue Costs Unamortized Bond Issue Costs Share Capital Preference Legal Fees Expense Cash Paid in Capital in Excess of Stated Value Common Stock Discount on Bonds Payable Income Summary Paid in Capital in Excess of Par Common Stock Share Premium Conversion Equity Equity Investments Retained Earnings Retained Earnings Appropriated for Plant Expansion Buildings Bonds Payable Common Stock Dividend Distributable Paid in Capital in Excess of Par Preferred Stock Preferred Stock No Entry Debt Investments Unrealized Holding Gain or Loss Income Equipment Property Dividends Payable Treasury Stock Share Capital Ordinary Share Premium Ordinary Dividends Payable Common Dividends Payable Preferred Organization Expense Common Stock Paid in Capital from Treasury Stock Land 3 Paid in Capital in Excess of Stated Value Common Stock Cash Share Premium Ordinary Retained Earnings Appropriated for Plant Expansion Income Summary Treasury Stock Paid in Capital in Excess of Par Common Stock No Entry Dividends Payable Common Preferred Stock Dividends Payable Preferred Retained Earnings Land Unamortized Bond Issue Costs Legal Fees Expense Bonds Payable Equipment Paid in Capital in Excess of Par Preferred Stock Buildings Organization Expense Debt Investments Discount on Bonds Payable Share Capital Ordinary Paid in Capital from Treasury Stock Unrealized Holding Gain or Loss Income Equity Investments Common Stock Dividend Distributable Share Capital Preference Property Dividends Payable Share Premium Conversion Equity Common Stock Unamortized Bond Issue Costs Treasury Stock Common Stock Dividend Distributable Organization Expense Unrealized Holding Gain or Loss Income Dividends Payable Preferred Retained Earnings Appropriated for Plant Expansion Paid in Capital in Excess of Par Preferred Stock Income Summary Property Dividends Payable Preferred Stock Bonds Payable Share Premium Ordinary Cash Paid in Capital in Excess of Par Common Stock Dividends Payable Common Legal Fees Expense No Entry Debt Investments Buildings Retained Earnings Equity Investments Discount on Bonds Payable Paid in Capital in Excess of Stated Value Common Stock Share Premium Conversion Equity Share Capital Preference Paid in Capital from Treasury Stock Common Stock Share Capital Ordinary Equipment Land Paid in Capital in Excess of Par Preferred Stock Share Premium Conversion Equity Share Capital Ordinary Share Premium Ordinary Income Summary Property Dividends Payable Common Stock Paid in Capital from Treasury Stock Discount on Bonds Payable Common Stock Dividend Distributable No Entry Dividends Payable Common Share Capital Preference Unamortized Bond Issue Costs Paid in Capital in Excess of Par Common Stock Preferred Stock Equipment Organization Expense Paid in Capital in Excess of Stated Value Common Stock Legal Fees Expense Cash Debt Investments Retained Earnings Appropriated for Plant Expansion Dividends Payable Preferred Buildings Equity Investments Treasury Stock Bonds Payable Land Retained Earnings Unrealized Holding Gain or Loss Income 4 Equipment Bonds Payable Debt Investments Unamortized Bond Issue Costs Share Premium Ordinary Unrealized Holding Gain or Loss Income Retained Earnings Paid in Capital in Excess of Par Common Stock Equity Investments Common Stock Retained Earnings Appropriated for Plant Expansion Common Stock Dividend Distributable Buildings Share Capital Preference Share Premium Conversion Equity Treasury Stock Organization Expense Paid in Capital in Excess of Stated Value Common Stock Land Preferred Stock Cash Property Dividends Payable Dividends Payable Common Dividends Payable Preferred Income Summary Paid in Capital from Treasury Stock Discount on Bonds Payable Legal Fees Expense No Entry Paid in Capital in Excess of Par Preferred Stock Share Capital Ordinary Paid in Capital in Excess of Stated Value Common Stock Organization Expense Share Capital Preference Treasury Stock Paid in Capital in Excess of Par Common Stock Dividends Payable Preferred Debt Investments Common Stock Dividend Distributable Cash Unamortized Bond Issue Costs Paid in Capital from Treasury Stock Share Premium Ordinary Discount on Bonds Payable Retained Earnings Unrealized Holding Gain or Loss Income Dividends Payable Common Legal Fees Expense Retained Earnings Appropriated for Plant Expansion Income Summary Bonds Payable Paid in Capital in Excess of Par Preferred Stock Share Capital Ordinary Preferred Stock Share Premium Conversion Equity Equipment Equity Investments Common Stock Property Dividends Payable Land Buildings No Entry Discount on Bonds Payable Preferred Stock Share Capital Ordinary Paid in Capital in Excess of Par Common Stock Property Dividends Payable Unamortized Bond Issue Costs Common Stock Common Stock Dividend Distributable Organization Expense Legal Fees Expense Buildings Dividends Payable Common Cash Share Premium Ordinary Bonds Payable No Entry Equity Investments Treasury Stock Equipment Share Premium Conversion Equity Income Summary Paid in Capital in Excess of Stated Value Common Stock Debt Investments Land Retained Earnings Paid in Capital in Excess of Par Preferred Stock Unrealized Holding Gain or Loss Income Retained Earnings Appropriated for Plant Expansion Dividends Payable Preferred Paid in Capital from Treasury Stock Share Capital Preference 5 Share Capital Preference Share Capital Ordinary Share Premium Conversion Equity Legal Fees Expense Retained Earnings Appropriated for Plant Expansion Land Paid in Capital in Excess of Par Preferred Stock Buildings Share Premium Ordinary Equipment Bonds Payable Equity Investments Paid in Capital from Treasury Stock Paid in Capital in Excess of Par Common Stock Cash Treasury Stock No Entry Common Stock Dividend Distributable Dividends Payable Preferred Income Summary Dividends Payable Common Paid in Capital in Excess of Stated Value Common Stock Discount on Bonds Payable Common Stock Unrealized Holding Gain or Loss Income Organization Expense Preferred Stock Debt Investments Property Dividends Payable Unamortized Bond Issue Costs Retained Earnings Share Capital Preference Retained Earnings Appropriated for Plant Expansion Paid in Capital from Treasury Stock Paid in Capital in Excess of Par Common Stock Discount on Bonds Payable Land No Entry Common Stock Legal Fees Expense Unamortized Bond Issue Costs Cash Paid in Capital in Excess of Par Preferred Stock Paid in Capital in Excess of Stated Value Common Stock Unrealized Holding Gain or Loss Income Buildings Retained Earnings Preferred Stock Equipment Common Stock Dividend Distributable Income Summary Treasury Stock Dividends Payable Preferred Share Premium Ordinary Dividends Payable Common Share Capital Ordinary Equity Investments Share Premium Conversion Equity Bonds Payable Organization Expense Property Dividends Payable Debt Investments Dividends Payable Preferred Dividends Payable Common Income Summary Unrealized Holding Gain or Loss Income Buildings Legal Fees Expense Unamortized Bond Issue Costs Land Cash No Entry Equipment Preferred Stock Share Capital Ordinary Organization Expense Retained Earnings Paid in Capital in Excess of Par Common Stock Share Premium Conversion Equity Paid in Capital in Excess of Par Preferred Stock Paid in Capital in Excess of Stated Value Common Stock Retained Earnings Appropriated for Plant Expansion Debt Investments Bonds Payable Paid in Capital from Treasury Stock Property Dividends Payable Treasury Stock Share Capital Preference Equity Investments Common Stock Dividend Distributable Common Stock Discount on Bonds Payable Share Premium Ordinary 6 Cash Share Capital Preference Preferred Stock Paid in Capital from Treasury Stock Share Premium Ordinary Retained Earnings Appropriated for Plant Expansion No Entry Dividends Payable Preferred Property Dividends Payable Unamortized Bond Issue Costs Organization Expense Income Summary Land Discount on Bonds Payable Common Stock Share Capital Ordinary Equipment Buildings Debt Investments Paid in Capital in Excess of Stated Value Common Stock Legal Fees Expense Equity Investments Bonds Payable Paid in Capital in Excess of Par Common Stock Treasury Stock Share Premium Conversion Equity Paid in Capital in Excess of Par Preferred Stock Common Stock Dividend Distributable Dividends Payable Common Unrealized Holding Gain or Loss Income Retained Earnings Equipment Share Premium Ordinary Retained Earnings Organization Expense Equity Investments Paid in Capital in Excess of Par Common Stock Discount on Bonds Payable No Entry Income Summary Property Dividends Payable Unrealized Holding Gain or Loss Income Bonds Payable Cash Debt Investments Legal Fees Expense Dividends Payable Preferred Paid in Capital in Excess of Stated Value Common Stock Paid in Capital in Excess of Par Preferred Stock Common Stock Dividends Payable Common Treasury Stock Land Paid in Capital from Treasury Stock Preferred Stock Common Stock Dividend Distributable Buildings Share Capital Preference Share Capital Ordinary Share Premium Conversion Equity Unamortized Bond Issue Costs Retained Earnings Appropriated for Plant Expansion 7 Unrealized Holding Gain or Loss Income Organization Expense Bonds Payable Retained Earnings Appropriated for Plant Expansion Share Capital Ordinary Discount on Bonds Payable Share Capital Preference Land Cash Share Premium Ordinary Paid in Capital in Excess of Stated Value Common Stock Treasury Stock Equipment No Entry Share Premium Conversion Equity Paid in Capital from Treasury Stock Common Stock Dividend Distributable Common Stock Retained Earnings Income Summary Dividends Payable Common Dividends Payable Preferred Unamortized Bond Issue Costs Preferred Stock Equity Investments Property Dividends Payable Buildings Paid in Capital in Excess of Par Preferred Stock Legal Fees Expense Debt Investments Paid in Capital in Excess of Par Common Stock Share Premium Conversion Equity Equipment Property Dividends Payable Organization Expense Preferred Stock Common Stock Dividend Distributable No Entry Debt Investments Unrealized Holding Gain or Loss Income Legal Fees Expense Income Summary Bonds Payable Share Premium Ordinary Paid in Capital in Excess of Par Preferred Stock Share Capital Ordinary Land Treasury Stock Share Capital Preference Paid in Capital from Treasury Stock Dividends Payable Common Buildings Paid in Capital in Excess of Stated Value Common Stock Discount on Bonds Payable Common Stock Equity Investments Unamortized Bond Issue Costs Retained Earnings Appropriated for Plant Expansion Cash Paid in Capital in Excess of Par Common Stock Dividends Payable Preferred Retained Earnings Paid in Capital in Excess of Par Preferred Stock Land Share Capital Preference Unamortized Bond Issue Costs Equity Investments Share Capital Ordinary No Entry Unrealized Holding Gain or Loss Income Debt Investments Bonds Payable Paid in Capital in Excess of Stated Value Common Stock Dividends Payable Common Common Stock Dividend Distributable Organization Expense Cash Paid in Capital in Excess of Par Common Stock Property Dividends Payable Legal Fees Expense Treasury Stock Retained Earnings Common Stock Buildings Preferred Stock Share Premium Conversion Equity Dividends Payable Preferred Income Summary Paid in Capital from Treasury Stock Discount on Bonds Payable Share Premium Ordinary Equipment Retained Earnings Appropriated for Plant Expansion eTextbook and Media List of Accounts Attempts 2 of 15 used Part 2 New attempt is in progress Some of the new entries may impact the last attempt grading Your answer is partially correct Prepare the December 31, 2020, stockholders' equity section Assume 2020 net income was $333,000 (Enter account name only Do not provide any descriptive information ) METLOCKCOMPANY Stockholders' Equity December 31, 2020 For the Year Ended December 31, 2020 For the Quarter Ended December 31, 2020 Additional Paid in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long term Investments Total Long term Liabilities Total Paid in Capital Total Paid in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity $ Additional Paid in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long term Investments Total Long term Liabilities Total Paid in Capital Total Paid in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity Additional Paid in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long term Investments Total Long term Liabilities Total Paid in Capital Total Paid in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity Additional Paid in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long term Investments Total Long term Liabilities Total Paid in Capital Total Paid in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity Additional Paid in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long term Investments Total Long term Liabilities Total Paid in Capital Total Paid in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity Add Less Additional Paid in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long term Investments Long term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long term Investments Total Long term Liabilities Total Paid in Capital Total Paid in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity $

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MetlockCompany reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock,9%, $100par (10,000 shares authorized,2,200shares issued)$220,000Common stock,

MetlockCompany reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet.

Preferred stock,9%, $100par (10,000 shares authorized,2,200shares issued)$220,000Common stock, $5par (92,500shares authorized,18,500shares issued)92,500Additional paid-in capital130,000Retained earnings447,000Total$889,500

During 2020,Metlocktook part in the following transactions concerning stockholders' equity.

1.Paid the annual 2019 $9per share dividend on preferred stock and a $2per share dividend on common stock. These dividends had been declared on December 31, 2019.2.Purchased1,800shares of its own outstanding common stock for $38per share.Metlockuses the cost method.3.Reissued600treasury shares for land valued at $29,500.4.Issued500shares of preferred stock at $106per share.5.Declared a10% stock dividend on the outstanding common stock when the stock is selling for $41per share.6.Issued the stock dividend.7.Declared the annual 2020 $9per share dividend on preferred stock and the $2per share dividend on common stock. These dividends are payable in 2021.

Part 1

Correct answer icon

Your answer is correct.

Prepare journal entries to record the transactions described above.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

Common Stock Dividend Distributable

Treasury Stock

Buildings

Bonds Payable

Property Dividends Payable

Paid-in Capital in Excess of Par - Preferred Stock

Paid-in Capital from Treasury Stock

Share Premium-Ordinary

Share Capital-Preference

Preferred Stock

Equity Investments

Share Capital-Ordinary

Land

No Entry

Common Stock

Unamortized Bond Issue Costs

Income Summary

Debt Investments

Organization Expense

Cash

Legal Fees Expense

Dividends Payable - Preferred

Retained Earnings

Unrealized Holding Gain or Loss - Income

Equipment

Paid-in Capital in Excess of Stated Value - Common Stock

Paid-in Capital in Excess of Par - Common Stock

Dividends Payable - Common

Discount on Bonds Payable

Share Premium-Conversion Equity

Retained Earnings Appropriated for Plant Expansion

Unrealized Holding Gain or Loss - Income

Share Capital-Preference

Preferred Stock

Cash

Common Stock

Dividends Payable - Preferred

Legal Fees Expense

Share Capital-Ordinary

Unamortized Bond Issue Costs

Paid-in Capital from Treasury Stock

Retained Earnings Appropriated for Plant Expansion

Equity Investments

Buildings

Share Premium-Ordinary

Share Premium-Conversion Equity

Dividends Payable - Common

Income Summary

Paid-in Capital in Excess of Stated Value - Common Stock

Property Dividends Payable

No Entry

Equipment

Bonds Payable

Retained Earnings

Discount on Bonds Payable

Debt Investments

Land

Organization Expense

Paid-in Capital in Excess of Par - Preferred Stock

Common Stock Dividend Distributable

Treasury Stock

Paid-in Capital in Excess of Par - Common Stock

Paid-in Capital in Excess of Par - Preferred Stock

Equity Investments

Legal Fees Expense

Income Summary

Preferred Stock

Equipment

Share Capital-Ordinary

Share Capital-Preference

Retained Earnings

Land

Paid-in Capital in Excess of Par - Common Stock

Treasury Stock

No Entry

Share Premium-Conversion Equity

Bonds Payable

Common Stock Dividend Distributable

Property Dividends Payable

Discount on Bonds Payable

Cash

Paid-in Capital in Excess of Stated Value - Common Stock

Organization Expense

Share Premium-Ordinary

Dividends Payable - Common

Unamortized Bond Issue Costs

Dividends Payable - Preferred

Unrealized Holding Gain or Loss - Income

Paid-in Capital from Treasury Stock

Common Stock

Debt Investments

Buildings

Retained Earnings Appropriated for Plant Expansion

Common Stock Dividend Distributable

Treasury Stock

No Entry

Paid-in Capital from Treasury Stock

Share Premium-Ordinary

Legal Fees Expense

Share Capital-Preference

Retained Earnings

Equity Investments

Share Premium-Conversion Equity

Dividends Payable - Common

Equipment

Income Summary

Property Dividends Payable

Paid-in Capital in Excess of Par - Preferred Stock

Discount on Bonds Payable

Debt Investments

Retained Earnings Appropriated for Plant Expansion

Organization Expense

Cash

Common Stock

Share Capital-Ordinary

Bonds Payable

Dividends Payable - Preferred

Paid-in Capital in Excess of Par - Common Stock

Buildings

Land

Unrealized Holding Gain or Loss - Income

Preferred Stock

Paid-in Capital in Excess of Stated Value - Common Stock

Unamortized Bond Issue Costs

Share Capital-Preference

Legal Fees Expense

Cash

Paid-in Capital in Excess of Stated Value - Common Stock

Discount on Bonds Payable

Income Summary

Paid-in Capital in Excess of Par - Common Stock

Share Premium-Conversion Equity

Equity Investments

Retained Earnings

Retained Earnings Appropriated for Plant Expansion

Buildings

Bonds Payable

Common Stock Dividend Distributable

Paid-in Capital in Excess of Par - Preferred Stock

Preferred Stock

No Entry

Debt Investments

Unrealized Holding Gain or Loss - Income

Equipment

Property Dividends Payable

Treasury Stock

Share Capital-Ordinary

Share Premium-Ordinary

Dividends Payable - Common

Dividends Payable - Preferred

Organization Expense

Common Stock

Paid-in Capital from Treasury Stock

Land

Paid-in Capital in Excess of Stated Value - Common Stock

Cash

Share Premium-Ordinary

Retained Earnings Appropriated for Plant Expansion

Income Summary

Treasury Stock

Paid-in Capital in Excess of Par - Common Stock

No Entry

Dividends Payable - Common

Preferred Stock

Dividends Payable - Preferred

Retained Earnings

Land

Unamortized Bond Issue Costs

Legal Fees Expense

Bonds Payable

Equipment

Paid-in Capital in Excess of Par - Preferred Stock

Buildings

Organization Expense

Debt Investments

Discount on Bonds Payable

Share Capital-Ordinary

Paid-in Capital from Treasury Stock

Unrealized Holding Gain or Loss - Income

Equity Investments

Common Stock Dividend Distributable

Share Capital-Preference

Property Dividends Payable

Share Premium-Conversion Equity

Common Stock

Unamortized Bond Issue Costs

Treasury Stock

Common Stock Dividend Distributable

Organization Expense

Unrealized Holding Gain or Loss - Income

Dividends Payable - Preferred

Retained Earnings Appropriated for Plant Expansion

Paid-in Capital in Excess of Par - Preferred Stock

Income Summary

Property Dividends Payable

Preferred Stock

Bonds Payable

Share Premium-Ordinary

Cash

Paid-in Capital in Excess of Par - Common Stock

Dividends Payable - Common

Legal Fees Expense

No Entry

Debt Investments

Buildings

Retained Earnings

Equity Investments

Discount on Bonds Payable

Paid-in Capital in Excess of Stated Value - Common Stock

Share Premium-Conversion Equity

Share Capital-Preference

Paid-in Capital from Treasury Stock

Common Stock

Share Capital-Ordinary

Equipment

Land

Paid-in Capital in Excess of Par - Preferred Stock

Share Premium-Conversion Equity

Share Capital-Ordinary

Share Premium-Ordinary

Income Summary

Property Dividends Payable

Common Stock

Paid-in Capital from Treasury Stock

Discount on Bonds Payable

Common Stock Dividend Distributable

No Entry

Dividends Payable - Common

Share Capital-Preference

Unamortized Bond Issue Costs

Paid-in Capital in Excess of Par - Common Stock

Preferred Stock

Equipment

Organization Expense

Paid-in Capital in Excess of Stated Value - Common Stock

Legal Fees Expense

Cash

Debt Investments

Retained Earnings Appropriated for Plant Expansion

Dividends Payable - Preferred

Buildings

Equity Investments

Treasury Stock

Bonds Payable

Land

Retained Earnings

Unrealized Holding Gain or Loss - Income

Equipment

Bonds Payable

Debt Investments

Unamortized Bond Issue Costs

Share Premium-Ordinary

Unrealized Holding Gain or Loss - Income

Retained Earnings

Paid-in Capital in Excess of Par - Common Stock

Equity Investments

Common Stock

Retained Earnings Appropriated for Plant Expansion

Common Stock Dividend Distributable

Buildings

Share Capital-Preference

Share Premium-Conversion Equity

Treasury Stock

Organization Expense

Paid-in Capital in Excess of Stated Value - Common Stock

Land

Preferred Stock

Cash

Property Dividends Payable

Dividends Payable - Common

Dividends Payable - Preferred

Income Summary

Paid-in Capital from Treasury Stock

Discount on Bonds Payable

Legal Fees Expense

No Entry

Paid-in Capital in Excess of Par - Preferred Stock

Share Capital-Ordinary

Paid-in Capital in Excess of Stated Value - Common Stock

Organization Expense

Share Capital-Preference

Treasury Stock

Paid-in Capital in Excess of Par - Common Stock

Dividends Payable - Preferred

Debt Investments

Common Stock Dividend Distributable

Cash

Unamortized Bond Issue Costs

Paid-in Capital from Treasury Stock

Share Premium-Ordinary

Discount on Bonds Payable

Retained Earnings

Unrealized Holding Gain or Loss - Income

Dividends Payable - Common

Legal Fees Expense

Retained Earnings Appropriated for Plant Expansion

Income Summary

Bonds Payable

Paid-in Capital in Excess of Par - Preferred Stock

Share Capital-Ordinary

Preferred Stock

Share Premium-Conversion Equity

Equipment

Equity Investments

Common Stock

Property Dividends Payable

Land

Buildings

No Entry

Discount on Bonds Payable

Preferred Stock

Share Capital-Ordinary

Paid-in Capital in Excess of Par - Common Stock

Property Dividends Payable

Unamortized Bond Issue Costs

Common Stock

Common Stock Dividend Distributable

Organization Expense

Legal Fees Expense

Buildings

Dividends Payable - Common

Cash

Share Premium-Ordinary

Bonds Payable

No Entry

Equity Investments

Treasury Stock

Equipment

Share Premium-Conversion Equity

Income Summary

Paid-in Capital in Excess of Stated Value - Common Stock

Debt Investments

Land

Retained Earnings

Paid-in Capital in Excess of Par - Preferred Stock

Unrealized Holding Gain or Loss - Income

Retained Earnings Appropriated for Plant Expansion

Dividends Payable - Preferred

Paid-in Capital from Treasury Stock

Share Capital-Preference

Share Capital-Ordinary

Share Premium-Conversion Equity

Legal Fees Expense

Retained Earnings Appropriated for Plant Expansion

Land

Paid-in Capital in Excess of Par - Preferred Stock

Buildings

Share Premium-Ordinary

Equipment

Bonds Payable

Equity Investments

Paid-in Capital from Treasury Stock

Paid-in Capital in Excess of Par - Common Stock

Cash

Treasury Stock

No Entry

Common Stock Dividend Distributable

Dividends Payable - Preferred

Income Summary

Dividends Payable - Common

Paid-in Capital in Excess of Stated Value - Common Stock

Discount on Bonds Payable

Common Stock

Unrealized Holding Gain or Loss - Income

Organization Expense

Preferred Stock

Debt Investments

Property Dividends Payable

Unamortized Bond Issue Costs

Retained Earnings

Share Capital-Preference

Retained Earnings Appropriated for Plant Expansion

Paid-in Capital from Treasury Stock

Paid-in Capital in Excess of Par - Common Stock

Discount on Bonds Payable

Land

No Entry

Common Stock

Legal Fees Expense

Unamortized Bond Issue Costs

Cash

Paid-in Capital in Excess of Par - Preferred Stock

Paid-in Capital in Excess of Stated Value - Common Stock

Unrealized Holding Gain or Loss - Income

Buildings

Retained Earnings

Preferred Stock

Equipment

Common Stock Dividend Distributable

Income Summary

Treasury Stock

Dividends Payable - Preferred

Share Premium-Ordinary

Dividends Payable - Common

Share Capital-Ordinary

Equity Investments

Share Premium-Conversion Equity

Bonds Payable

Organization Expense

Property Dividends Payable

Debt Investments

Dividends Payable - Preferred

Dividends Payable - Common

Income Summary

Unrealized Holding Gain or Loss - Income

Buildings

Legal Fees Expense

Unamortized Bond Issue Costs

Land

Cash

No Entry

Equipment

Preferred Stock

Share Capital-Ordinary

Organization Expense

Retained Earnings

Paid-in Capital in Excess of Par - Common Stock

Share Premium-Conversion Equity

Paid-in Capital in Excess of Par - Preferred Stock

Paid-in Capital in Excess of Stated Value - Common Stock

Retained Earnings Appropriated for Plant Expansion

Debt Investments

Bonds Payable

Paid-in Capital from Treasury Stock

Property Dividends Payable

Treasury Stock

Share Capital-Preference

Equity Investments

Common Stock Dividend Distributable

Common Stock

Discount on Bonds Payable

Share Premium-Ordinary

Cash

Share Capital-Preference

Preferred Stock

Paid-in Capital from Treasury Stock

Share Premium-Ordinary

Retained Earnings Appropriated for Plant Expansion

No Entry

Dividends Payable - Preferred

Property Dividends Payable

Unamortized Bond Issue Costs

Organization Expense

Income Summary

Land

Discount on Bonds Payable

Common Stock

Share Capital-Ordinary

Equipment

Buildings

Debt Investments

Paid-in Capital in Excess of Stated Value - Common Stock

Legal Fees Expense

Equity Investments

Bonds Payable

Paid-in Capital in Excess of Par - Common Stock

Treasury Stock

Share Premium-Conversion Equity

Paid-in Capital in Excess of Par - Preferred Stock

Common Stock Dividend Distributable

Dividends Payable - Common

Unrealized Holding Gain or Loss - Income

Retained Earnings

Equipment

Share Premium-Ordinary

Retained Earnings

Organization Expense

Equity Investments

Paid-in Capital in Excess of Par - Common Stock

Discount on Bonds Payable

No Entry

Income Summary

Property Dividends Payable

Unrealized Holding Gain or Loss - Income

Bonds Payable

Cash

Debt Investments

Legal Fees Expense

Dividends Payable - Preferred

Paid-in Capital in Excess of Stated Value - Common Stock

Paid-in Capital in Excess of Par - Preferred Stock

Common Stock

Dividends Payable - Common

Treasury Stock

Land

Paid-in Capital from Treasury Stock

Preferred Stock

Common Stock Dividend Distributable

Buildings

Share Capital-Preference

Share Capital-Ordinary

Share Premium-Conversion Equity

Unamortized Bond Issue Costs

Retained Earnings Appropriated for Plant Expansion

Unrealized Holding Gain or Loss - Income

Organization Expense

Bonds Payable

Retained Earnings Appropriated for Plant Expansion

Share Capital-Ordinary

Discount on Bonds Payable

Share Capital-Preference

Land

Cash

Share Premium-Ordinary

Paid-in Capital in Excess of Stated Value - Common Stock

Treasury Stock

Equipment

No Entry

Share Premium-Conversion Equity

Paid-in Capital from Treasury Stock

Common Stock Dividend Distributable

Common Stock

Retained Earnings

Income Summary

Dividends Payable - Common

Dividends Payable - Preferred

Unamortized Bond Issue Costs

Preferred Stock

Equity Investments

Property Dividends Payable

Buildings

Paid-in Capital in Excess of Par - Preferred Stock

Legal Fees Expense

Debt Investments

Paid-in Capital in Excess of Par - Common Stock

Share Premium-Conversion Equity

Equipment

Property Dividends Payable

Organization Expense

Preferred Stock

Common Stock Dividend Distributable

No Entry

Debt Investments

Unrealized Holding Gain or Loss - Income

Legal Fees Expense

Income Summary

Bonds Payable

Share Premium-Ordinary

Paid-in Capital in Excess of Par - Preferred Stock

Share Capital-Ordinary

Land

Treasury Stock

Share Capital-Preference

Paid-in Capital from Treasury Stock

Dividends Payable - Common

Buildings

Paid-in Capital in Excess of Stated Value - Common Stock

Discount on Bonds Payable

Common Stock

Equity Investments

Unamortized Bond Issue Costs

Retained Earnings Appropriated for Plant Expansion

Cash

Paid-in Capital in Excess of Par - Common Stock

Dividends Payable - Preferred

Retained Earnings

Paid-in Capital in Excess of Par - Preferred Stock

Land

Share Capital-Preference

Unamortized Bond Issue Costs

Equity Investments

Share Capital-Ordinary

No Entry

Unrealized Holding Gain or Loss - Income

Debt Investments

Bonds Payable

Paid-in Capital in Excess of Stated Value - Common Stock

Dividends Payable - Common

Common Stock Dividend Distributable

Organization Expense

Cash

Paid-in Capital in Excess of Par - Common Stock

Property Dividends Payable

Legal Fees Expense

Treasury Stock

Retained Earnings

Common Stock

Buildings

Preferred Stock

Share Premium-Conversion Equity

Dividends Payable - Preferred

Income Summary

Paid-in Capital from Treasury Stock

Discount on Bonds Payable

Share Premium-Ordinary

Equipment

Retained Earnings Appropriated for Plant Expansion

eTextbook and Media

List of Accounts

Attempts: 2 of 15 used

Part 2

New attempt is in progress. Some of the new entries may impact the last attempt grading.

Your answer is partially correct.

Prepare the December 31, 2020, stockholders' equity section. Assume 2020 net income was $333,000.(Enter account name only .Do not provide any descriptive information.)

METLOCKCOMPANY

Stockholders' Equity

December 31, 2020

For the Year Ended December 31, 2020

For the Quarter Ended December 31, 2020

Additional Paid-in Capital

Capital Stock

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Capital Stock

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

Additional Paid-in Capital

Capital Stock

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Capital Stock

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

Additional Paid-in Capital

Capital Stock

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Capital Stock

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

Additional Paid-in Capital

Capital Stock

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Capital Stock

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

Additional Paid-in Capital

Capital Stock

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Capital Stock

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

Add

Less

Additional Paid-in Capital

Capital Stock

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Capital Stock

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Paid-in Capital

Total Paid-in Capital and Retained Earnings

Total Property, Plant and Equipment

Total Stockholders' Equity

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