Stockholder\' Equity the charter of the Cedric Corporation authorized the issuan
ID: 2503714 • Letter: S
Question
Stockholder' Equity
the charter of the Cedric Corporation authorized the issuance of 20,000 shares of cumulative preferred
9 percent stock, $30 par, and 260,000 shares of common stock, $25 par. At the end of this year, the
balance of the stockholders' equity accounts as follows:
Common Stock $1,600,000
Preferred 9 Percent Stock Subscribed $54,000
Paid-in Capital From Donation $14,000
Retained Earnings (credit balance) $180,000
Preferred 9 Percent Stock $270,000
Prepare the Stockholders' Equity section of the balance sheet, including descriptive details of the stock
accounts, for the end of this year.
Please note, there are 7 different answers, where all lines are to have an entry showing. The line showing a ? should be where a total should be.
Stockholders' Equity
Paid-in Capital
1
2
?
3
4
?
5
6
?
7
Stockholder' Equity
the charter of the Cedric Corporation authorized the issuance of 20,000 shares of cumulative preferred
9 percent stock, $30 par, and 260,000 shares of common stock, $25 par. At the end of this year, the
balance of the stockholders' equity accounts as follows:
Common Stock $1,600,000
Preferred 9 Percent Stock Subscribed $54,000
Paid-in Capital From Donation $14,000
Retained Earnings (credit balance) $180,000
Preferred 9 Percent Stock $270,000
Prepare the Stockholders' Equity section of the balance sheet, including descriptive details of the stock
accounts, for the end of this year.
Please note, there are 7 different answers, where all lines are to have an entry showing. The line showing a ? should be where a total should be.
Stockholders' Equity
Paid-in Capital
1
2
?
3
4
?
5
6
?
7
Explanation / Answer
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