Question
The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 3,200 shares of common stock. During a two-month period, Evergreen
The charter of Evergreen Corporation authorizes the issuance of 900 shares of preferred stock and 3,200 shares of common stock. During a two-month period, Evergreen completed these stock-issuance transactions:
Mar. 23 Issued 200 shares of $1 par value common stock for cash of $12 per share.
Apr. 12 Recieved inventory with a market value of $29,000 and equipment with a market value of $19,000 for 310 shares of the $1 par value common stock.
Apr. 17 issued 900 shares of 6%, $30 par value preferred stock for $30 per share.
For this question, I need help on the balance sheet.
Requirement 2. Prepare the stockholders' equity section of the Evergreen balance sheet as of April 30, 2016, for the transactions given in this exercise. Retained Earnings has a balance of $71,000 at April 30, 2016. Evergreen Corporation Balance Sheet (Partial) April 30, 2016 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity
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