The following stockholders’ equity accounts, arranged alphabetically, are in the

Question

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Roder Corporation at December 31, 2014.

Prepare the stockholders’ equity section of the balance sheet at December 31, 2014.

Common Stock ($2 stated value) $2,304,000 Paid-in Capital in Excess of Par Value—Preferred Stock 64,800 Paid-in Capital in Excess of Stated Value—Common Stock 1,512,000 Preferred Stock (8%, $100 par, noncumulative) 864,000 Retained Earnings 1,920,960 Treasury Stock (17,280 common shares) 103,680

Explanation / Answer

Partial Balance Sheet December 31, 2014 Stockholders’ equity Paid-in capital Capital stock 8% Preferred stock, $100 par value, noncumulative, 8,640 shares issued 864000 Common stock, no par, $2 stated value, 1152000 shares issued and 1134720 shares outstanding 2304000 Total capital stock 3168000 Additional paid-in capital In excess of par— preferred stock 64800 In excess of stated value— common stock 1512000 Total additional paid-in capital 1576800 Total paid-in capital 4744800 Retained earnings 1920960 Total paid-in capital and retained earnings 6665760 Less: Treasury stock (17,280 common shares) -103680 Total stockholders’ equity 6562080

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