Question
The following accounts appear in the ledger of Super Inc. after the books are closed at December 31, 2019 Common Stock, $1 par value, 800,000
The following accounts appear in the ledger of Super Inc. after the books are closed at December 31, 2019
Common Stock, $1 par value, 800,000 shares authorized, 450,000 shares
Issued $450,000
Paid-in-Capital in Excess of Par Value-Common Stock 750,000
Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 400 shares
issued 350,000
Retained Earnings 250,000
Treasury Stock (10,000 common shares) 30,000
Paid-in Capital in Excess of Par Value-Preferred Stock
Note: Income statement for 2019 is $170,000. Dividends paid $25,000
Instructions: Prepare the stockholders' equity section at December 31, 2019
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