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On January 1, 2017, Windsor, Inc. had these stockholders equity balances. Problem 11-6A On January 1, 2017, Windsor, Inc. had these stockholders' equity balances. Common
On January 1, 2017, Windsor, Inc. had these stockholders equity balances.
Problem 11-6A On January 1, 2017, Windsor, Inc. had these stockholders' equity balances. Common Stock, $1 par (3,000,000 shares authorized, 635,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $635,000 1,440,000 685,000 57,000 During 2017, the following transactions and events occurred. 1. 2. 3. 4. 5. 6. Issued 55,000 shares of $1 par value common stock for $3 per share. Issued 56,500 shares of common stock for cash at $3 per share. Purchased 18,400 shares of common stock for the treasury at $4.00 per share. Declared and paid a cash dividend of $155,500. Earned net income of $435,500. Had other comprehensive income of $19,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2017. WINDSOR, INC. Partial Balance Sheet Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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