Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION ‘BACK NEXT RESOURCES Home

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Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION ‘BACK NEXT RESOURCES Homework Exercise 11-9 ise 11-2 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Roder Corporation at December 31, 2014. Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (896, $100 par, noncumulative) Retained Earnings Treasury Stock (12,000 common shares) $1,600,000 45,000 1,050,000 600,000 1,334,000 72,000 ew 11-1 01 1-9 ise 11-5 1-6 ults by Study Prepare the stockholders' equity section of the balance sheet at December 31, 2014 RODER CORPORATION Partial Balance Sheet December 31, 2014 Show All Robbins pd

Explanation / Answer

RODER CORPORATION Partial Balance sheet December 31, 2014 Stockholders' equity Paid in capital Capital stock 8% preferred stock, $100 par value, noncumulative, 6,000 shares are issued and outstanding $     600,000 Common stock, no par, $2 stated value, 800,000 shares issued and 788,000 outstanding $ 1,600,000 Total capital stock $ 2,200,000 Additional paid in capital In excess of par - preferred stock $        45,000 In excess of stated value - common stock $ 1,050,000 Total additional paid in capital $ 1,095,000 Total paid in capital $ 3,295,000 Retained earnings $ 1,334,000 Total paid in capital and retained earnings $ 4,629,000 Less: Treasury stock - 12,000 common shares $     (72,000) Total stockholders' equity $ 4,557,000

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