Question
On January 1, 2021 DDD Company was authorized to issue 100,000 shares of $10 par value Common Stock . On January 15th, DDD issued 20,000
On January 1, 2021 DDD Company was authorized to issue 100,000 shares of $10 par value Common Stock . On January 15th, DDD issued 20,000 shares of Common Stock for $26.
On February 1, 2021 DDD Company was authorized to issue and 20,000 shares of 6%, $50 par value Preferred Stock. On February 15th, the company issued 3,000 for $80.
On September 1, 2021 DDD Company purchased 1,000 shares of the common stock, $10 par authorized and issued in transactions from questions 22-24 as treasury stock for $20.
On December 31, 2021 DDD Company declared a 6% preferred stock dividend and a $1.00 dividend on common stock to stockholders of record as of January 15, 2022 to be paid on January 30, 2022. Refer to transactions presented in questions 25 and 30 to determine the amount of outstanding shares of each class of stock.
prepare the Stockholders Equity section of the DDD Co Balance Sheet in the space below. The company had beginning balances in Cash of $100,000 and Retained Earnings of $100,000 at the beginning of the year.
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