Alpha Dog Company The following are selected accounts for the Alpha Dog Company

Question

Alpha Dog Company The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal. Balance Sheet (partial) Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of 30,000 par, Common Stock Paid in Capital in excess of 3,500 par, Preferred Stock Retained Earnings Bonds Payable Preferred Stock, $100 par, 5% | 140,000 75,000 35,000 cumulative On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format

Explanation / Answer

Shareholder's equity :

Paid in capital Common stock, $5 par 150000 Preferred stock, $100 par, 5% cumulative 35000 Paid in capital in excess of par, common stock 30000 Paid in capital in excess of par, preferred stock 3500 Total paid in capital 218500 Retained earnings 140000 Total 358500 Less: Treasury stock (20000) Total stockholder's equity 338500

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