Exercise 11-9 The following stockholders’ equity accounts, arranged alphabetical

Q: Exercise 11-9 The following stockholders’ equity accounts, arranged alphabetical

Stockholders' Equity Section of balance sheet Shareholder Equity Paid In Capital Preferred stock 840,000 Common stock 2,240,000 Paid-in Capital in Excess of Par Value—Preferred Stock 63,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,470,000 4,613,000 Retained Earnings 1,867,600 Less: Treasury Stock (16,800 common shares) (108,000) Total sharehoders' Equity 6,372,600

ID: 2539603 • Letter: E

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Exercise 11-9

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Pronghorn Corp at December 31, 2017.

Prepare the stockholders’ equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.)

Common Stock ($4 stated value) $2,240,000 Paid-in Capital in Excess of Par Value—Preferred Stock 63,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,470,000 Preferred Stock (7%, $100 par, noncumulative) 840,000 Retained Earnings 1,867,600 Treasury Stock (16,800 common shares) 100,800

Explanation / Answer

Stockholders' Equity Section of balance sheet

Shareholder Equity Paid In Capital Preferred stock 840,000 Common stock 2,240,000 Paid-in Capital in Excess of Par Value—Preferred Stock 63,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,470,000 4,613,000 Retained Earnings 1,867,600 Less: Treasury Stock (16,800 common shares) (108,000) Total sharehoders' Equity 6,372,600

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Exercise 11-9 The following stockholders\' equity accounts, arranged alphabetica

Exercise 11-9 You have been given the following information about the production

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Exercise 11-9 The following stockholders’ equity accounts, arranged alphabetical

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