Prepare the Statement of Stockholders Equity Section

timer Asked: Feb 21st, 2016

Question description

Below is a list of accounts and final balances for Quiet Company as of December 31, 2009. Common Stock=$225,000 Long term notes Receivables=$85,000 Bonds Payable=$120,000 Discount on bonds payable=$45,000 Preferred Stock Subscribed= $60,000 Additional Paid in Capital Common Stock=$850,000 Additional Paid in Capital Preferred Stock=$20,000 Common Stock Subscribed=$120,000 Goodwill= $38,000 Investments in Debt Securities=$45,000 Donated Capital=$63,000 Preferred Stock=$100,000 Dividends on Common Stock=$23,000 Dividends on Preferred Stock=$15,000 Treasury Stock=$50,000 Retained earnings=$200,000 1. Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share 2. Preferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.

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