P14-3

at Deeuiui (d) Prepare a stockholders' equity section P14-3A The post-closing trial balance of Storey Corporation at December 31, 2017, con tains the following stockholders equity accounts $ 750,000 2,500,000 250,000 400,000 250,000 1,042,000 ute Preferred Stock (15,000 shares issued) Common Stock (250,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings A revi ew of the accounting records reveals the following. 1. N b errors have been made in recording 2017 transactions or in preparing the closing entry for net income. since January 1, 2016. $10 par value. r, 6%, and cumulative: 15,000 shares have been outstanding 2. Preferred stock is $50 pa 3. Authorized stock is 20,000 shares of preferred, 500,000 shares of common with a