Instructions Stockholders\' Equity Stockholders\' Equity 1. Instructions Stockho
ID: 2510480 • Letter: I
Question
Instructions Stockholders' Equity Stockholders' Equity 1. Instructions Stockholders' Equity Section 1. Prepare the stockholders' equity section of the balance sheet. PAfter closing its books on December 31, Pro Parts' stockholders' equity accounts had the following balances c Common stock subscriptions receivable $5,130 51,000 39,200 d Common stock subscribed, $5 par, 5,210 shares 26,050 4,170 36,930 Common stock, $5 par, 10,200 shares Preferred stock, $10 par, 496, 3,920 shares Paid-in capital in excess of par-common stock Retained earnings 162,930 x Total stockholders' equity PreviousExplanation / Answer
pro parts
stock holders equity
december 31
Paid in capital preferred stock , $10 par, 4%, 3,920 shares $39,200 common stock, $5 par, 10200 shares 51,000 common stock subscribed $5 par, 5,210 shares 26,050 additional paid in capital paid in capital in excess of par, common stock $4,170 Total paid in capital $120,420 retained earnings $36,930 $157,350 less: common stock subscriptions receivable $5,130 Total stockholders' equity $152,220