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MESSAGE MY INSTRUCTOR | | STANDARD VIEW | | pRINTER VERSION NEXT Exercise 11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ayayai Corp. at December 31, 2017 Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Câpital in Excess of Stated Value-Common Stock Preferred stock (596, $100 par, noncumulative) Retained Earnings Treasury Stock (8,400 common shares) $1,120,000 31,500 735,000 420,000 933,800 50,400 prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) AYAYAI CORP Partial Balance Sheet

Explanation / Answer

AYAYAI CORP. Partial Balance Sheet As at December 31, 2017 Stockholders' equity Paid in capital Capital stock Preferred Stock (5%, $100 par, Non cumulative) $     420,000 Common stock (no par, $2 stated value) $ 1,120,000 Total capital stock $ 1,540,000 Additional paid in capital In excess of par - preferred stock $        31,500 In excess of stated value - common stock $     735,000 Total additional paid in capital $     766,500 Total paid in capital $ 2,306,500 Retained earnings $     933,800 Total paid in capital and retained earnings $ 3,240,300 Less: Treasury stock (8,400 common shares) $     (50,400) Total stockholders' equity $ 3,189,900

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