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there are still some missing blanks i do not know what to insert. . it has been corrected thx P11-2 (Algo) Preparing the Stockholders' Equity
there are still some missing blanks i do not know what to insert. . it has been corrected thx P11-2 (Algo) Preparing the Stockholders' Equity Section of the Balance Sheet LO11-1, 11-3, 11-7, 11-8 6 Witt Corporation received its charter during January of this year. The charter authorized the following stock: 10 points Preferred stock: 10 percent, $12 par value, 21,600 shares authorized Common stock: $10 per value, 51,200 shares authorized During the year, the following transactions occurred in the order given: 2014 sed a. Issued 38,300 shares of the common stock for $14 per share. b. Sold 6,500 shares of the preferred stock for $18 per share. c. Sold 3,100 shares of the common stock for $17 per share and 2,600 shares of the preferred stock for $28 per share, d. Net Income for the year was $57,000. book Required: Prepare the stockholders' equity section of the balance sheet at the end of the year. References WITT CORPORATION Balance Sheet (Partial) At December 31. This Year Stockholders' equity Contributed capital Preferred stock $ 109,200 Additional pald-in capital, preferred stock 80,600 Common stock 414,000 Additional paid-in capital, common stock 174,900 Total contributed capital 778.700 57,000 Ratilined earnings Total stockholders' equity $ 835,700
there are still some missing blanks i do not know what to insert.
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