l WileyPLUS //edugen.wileyplus.com/edugen/student/mainfr.uni x \\a Balance Sheet

ID: 2520517 • Letter: L

Question

l WileyPLUS //edugen.wileyplus.com/edugen/student/mainfr.uni x Balance Sheet and inc XG Mann Hardware has fo x 300000 paid incapte x Weygandt, Accounting Principles, 12e Assignment Gradebook ORION Downloadable eTextbook nt me: 08:01 PM/ Remaining: 42 min. Exercise 13-11 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017 Common Stock ($4 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (896, $100 par) Retained Earnings Treasury Stock (10,000 common shares) $1,380,000 279,000 929,000 510,000 1,060,000 120,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter the account name only and do not a EUDALEY CORPORATION Partial Balance Sheet ns Ins, All Rights Reserved. A Division of

Explanation / Answer

Answer:

EUDALEY CORPORATION

Partial balance sheet

Stock Holder's Equity

Paid In capital

Capital Stock

Preferred Stock 8%, $100 par value,5100 shares

510000

Common share, No par, stated value $4, No of
share Issued 355,000 and outstanding share 345,000

Total Capital Stock

1,380,000

1,890,000

Additional Paid-in Capital

Paid-in Capital in Excess of Stated Value—
Common Stock

929000

Paid-in Capital in Excess of Par—Preferred Stock

279000

Total Additional Paid-in Capital

1208000

Total Paid In capital

3,098,000

Add: retained earning

1,060,000

Less: Treasury Stock (10,000 shares)

-120,000

Total Stock Holder's equity

940,000