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Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
The company engaged in the following stock transactions during 2013:
2. Prepare the December 31, 2013, shareholders' equity section (assume that 2013 net income was $270,000).
Preferred Stock (6%, $100 par) xxxxxxAdditional paid in capital on preffered stock xxxxxCommon Stock ($2.50 par) xxxxxxAdditional paid in capital on common stock xxxxxAdditional paid in capital on treasury stock xxxxxAdditional paid in capital from stock divident xxxxxTotal contributed capital xxxxxRetained earnings xxxxxx
Accumulated other comprehensive income (loss):
Unrealized decrease in value of available for sale securities xxxxxTotal contributed capital, retained earnings, and accumulated other comprehensive income xxxxxLess Treasury stock xxxxxTotal shareholder's equity xxxxx
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