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x404 Not FoundxWileyPLUS xVE SparkNotes: The Cante >/eangg Study 1 Guided SX https//edugen.wileyplus.com/edugen/iti/main.uni Return to Blackboard Weygandt, Accounting Principles, 12e Helo I ment Exercise 13-11 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017 Common Stock ($5 stated valae) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock9 Preferred Stock (8%, 101 par) Retained Earnings Treasury Stock (10,500 common shares) $1,705,000 281,000 945,000 469,650 1,110,000 126,000 prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter the account name only and do not provide the descr EUDALEY CORPORATION O a

Explanation / Answer

STOCK HOLDERS EQUITY:

PAID IN CAPITAL:

(A) COMMON STOCK ,NO PAR,STATEDVALUE

(B) 8%PREFERED STOCK AT PAR VALUE

TOTOL CAPITAL STOCK(A + B )

ADD :

ADDITIONAL PAID IN CAPITAL

(C)IN EXCESS OF PAR VALUE -PREFERED STOCK

(D)IN EXCESS OF STATED VALUE - COMMON STOCK

TOTAL ADDITION PAID IN CAPITAL(C+D)

ADD:

RETAINED EARNINGS

LESS:

TREASURY STOCK (10500COMMON SHARES)

NOTE:

AMOUNTS FOR THE ABOVE STATEMENTS ARE NOT MENTIONED BECAUSE AS THE QUESTION CLEARLY STATEDTHAT "ACCOUNT NAME ONLY AND NO DESSCRIPTION REQUIRED".

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