Question
The following are selected accounts for the Alpha Dog company after all fiscal year December 31,2016. Adjustung entries &closing entries have been posted. All balances
The following are selected accounts for the Alpha Dog company after all fiscal year December 31,2016. Adjustung entries &closing entries have been posted. All balances are normal.
AccountAmount
Common Stock, 5 Per$140,000
Treasury Stock, at cost $10 per share$25,000
Dividens Payable7,0000
Paid in Capital in excess of par, Common Stock30,000
Paid in Capital in excess of par, Prefered Stock4,500
Retained Earnings150,000
Bonds Payable$5,000
Prefered Stock, $100 par, 5% cumulative45,000
On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholders's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required.
PLEASE SHOW CALCULATIONS
Thanks
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