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The following accounts appear in the ledger of Monty Corp. after the books are closed at December 31, 2020. Common Stock, no par, $1 stated
The following accounts appear in the ledger of Monty Corp. after the books are closed at December 31, 2020.
Common Stock, no par, $1 stated value, 378,000 shares authorized; 296,000 shares issued | $ 296,000 | |
Common Stock Dividends Distributable | 26,000 | |
Paid-in Capital in Excess of Stated ValueCommon Stock | 1,130,000 | |
Preferred Stock, $6 par value, 8%, 44,000 shares authorized; 28,800 shares issued | 172,800 | |
Retained Earnings | 783,000 | |
Treasury Stock (11,200 common shares) | 78,400 | |
Paid-in Capital in Excess of ParPreferred Stock | 343,000 | |
Accumulated Other Comprehensive Loss | 35,000 |
Prepare the stockholders equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $109,000. For capital stock first enter the preferred stock details. (Enter account name only and do not provide descriptive information.)
Monty Corp. Balance Sheet (Partial) December 31, 2020 Stockholders' Equity Additional Paid-in Capital Capital Stock Preferred Stock $ Common Stock Dividends Distributable $ Common Stock Dividends Distributable
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