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Prepare the Stockholders' Equity Section Sabina Investigations has the following accounts on its trial balance. Debit Credit 1,500,000 Retained earnings Cash 125,000 10,000,000 2,000,000 75,000
Prepare the Stockholders' Equity Section Sabina Investigations has the following accounts on its trial balance. Debit Credit 1,500,000 Retained earnings Cash 125,000 10,000,000 2,000,000 75,000 150,000 Additional Paid-in Capital-Common Additional Paid-in Capital-Preferred Accounts payable Accounts receivable Common stock, $2 par Preferred stock, $10 par Inventory Treasury stock-common (40,000 shares) Accumulated other comprehensive income 800,000 600,000 500,000 250,000 54,400 Required: Prepare the stockholders' equity portion of Sabina's balance sheet. Sabina Investigations Balance Sheet (Partial) December 31 Stockholders' equity: Additional paid-in capital: Total additional paid-in capital Total capital stock Total stockholders' equity
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