Your answer is partially correct. Try again. Ivanhoe Corporations post-closing trial balance at December 31, 2020, is
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Ivanhoe Corporations post-closing trial balance at December 31, 2020, is shown as follows.
IVANHOE CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 | ||||
Dr. | Cr. | |||
Accounts payable | $ 109,100 | |||
Accounts receivable | $ 472,000 | |||
Accumulated depreciationbuildings | 181,000 | |||
Additional paid-in capital in excess | ||||
of parcommon | 1,364,000 | |||
From treasury stock | 159,000 | |||
Allowance for doubtful accounts | 31,000 | |||
Bonds payable | 330,000 | |||
Buildings | 1,395,000 | |||
Cash | 203,000 | |||
Common stock ($1 par) | 213,000 | |||
Dividends payable (preferred stockcash) | 3,900 | |||
Inventory | 525,000 | |||
Land | 379,000 | |||
Preferred stock ($50 par) | 500,000 | |||
Prepaid expenses | 42,000 | |||
Retained earnings | 298,000 | |||
Treasury stock (common at cost) | 173,000 | |||
Totals | $3,189,000 | $3,189,000 |
At December 31, 2020, Ivanhoe had the following number of common and preferred shares.
Common | Preferred | |||
Authorized | 639,000 | 60,000 | ||
Issued | 213,000 | 10,000 | ||
Outstanding | 199,000 | 10,000 |
The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders equity section of Ivanhoes balance sheet at December 31, 2020. (Enter account name only and do not provide descriptive information.)
IVANHOE CORPORATION Stockholders Equity December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 | |||
Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity | |||
$ | |||
Additional Paid-in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity | |||
Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity | |||
Additional Paid-in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment Total Stockholders' Equity | |||
Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity | |||
AddLess : | |||
Additional Paid-in CapitalCapital StockCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Capital StockTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Paid-in CapitalTotal Paid-in Capital and Retained EarningsTotal Property, Plant and EquipmentTotal Stockholders' Equity | $ |
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