Question
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Blue Spruce Corp. at December 31, 2017. Common Stock ($2 stated value) $3,120,000
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Blue Spruce Corp. at December 31, 2017.
| Common Stock ($2 stated value) | $3,120,000 | |
| Paid-in Capital in Excess of Par ValuePreferred Stock | 87,750 | |
| Paid-in Capital in Excess of Stated ValueCommon Stock | 2,047,500 | |
| Preferred Stock (6%, $100 par, noncumulative) | 1,170,000 | |
| Retained Earnings | 2,601,300 | |
| Treasury Stock (23,400 common shares) | 140,400 |
Prepare the stockholders equity section of the balance sheet at December 31, 2017.
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Understanding And Conducting Information Systems Auditing
Authors: Arif Ahmed, Veena Hingarh
1st Edition
1118343743, 978-1118343746
