Wildhorse Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet Preferred stock, 9 , $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (101,500 shares authorized, 20,300 shares issued) 101,500 Additional paid in capital 130,000 Retained earnings 486,000 Total $897,500 During 2017, Wildhorse took part in the following transactions concerning stockholders equity 1 Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock These dividends had been declared on December 31, 2016 2 Purchased 1,800 shares of its own outstanding common stock for $41 per share Wildhorse uses the cost method 3 Reissued 700 treasury shares for land valued at $31,400 4 Issued 510 shares of preferred stock at $104 per share 5 Declared a 10 stock dividend on the outstanding common stock when the stock is selling for $45 per share 6 Issued the stock dividend 7 Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on common stock These dividends are payable in 2018 Prepare the December 31, 2017, stockholders equity section Assume 2017 net income was $333,000 Prepare the December 31, 2017, stockholders' equity section Assume 2017 net income was $333,000 (Enter account name only Do not provide any descriptive information ) WILDHORSE COMPANY Stockholders' Equity December 31, 2017 Capital Stock Preferred Stock 231000 Common Stock 111100 Total Capital Stock 342100 Additional Paid in Capital Total Paid in Capital Retained Earnings Total Paid in Capital and Retained Earnings Paste Look Up Less Treasury Stock Total Stockholders' Equity

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Posted on Sep 16, 2024

Wildhorse Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet. Preferred stock, 9%, $100 par (10,000 shares

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Wildhorse Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet.

Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued)		$180,000
Common stock, $5 par (101,500 shares authorized, 20,300 shares issued)		101,500
Additional paid-in capital		130,000
Retained earnings		486,000
Total		$897,500

During 2017, Wildhorse took part in the following transactions concerning stockholders equity.

1.		Paid the annual 2016 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016.
2.		Purchased 1,800 shares of its own outstanding common stock for $41 per share. Wildhorse uses the cost method.
3.		Reissued 700 treasury shares for land valued at $31,400.
4.		Issued 510 shares of preferred stock at $104 per share.
5.		Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share.
6.		Issued the stock dividend.
7.		Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018. Prepare the December 31, 2017, stockholders equity section. Assume 2017 net income was $333,000.

Prepare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $333,000. (Enter account name only. Do not provide any descriptive information.) WILDHORSE COMPANY Stockholders' Equity December 31, 2017 Capital Stock Preferred Stock 231000 Common Stock 111100 Total Capital Stock 342100 Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Paste Look Up Less Treasury Stock Total Stockholders' Equity