Reference no: EM133032356
Question - The following accounts are available for Martina Corp. on Dec 31, 2003.
Preferred stock, par value P100, 10,000 shares authorized Issued 5,000 shares P500,000
Common stock, par value P50, 50,000 shares authorized, Issued 15,000 shares 750,000
Paid-in capital in excess of par value-preferred 15,000
Paid-in capital in excess of par value - common 35,000
Subscribed common stock (500 shares) 50,000
Subscribed receivable - common 10,000
Subscribe preferred stock (1 000 shares) 100,000
Subscriptions receivable-preferred 40,000
Retained earnings 415,000
Treasury stock -common (2,000 shares at cost) 90,000
Required - Make the Stockholders' Equity section of the Balance Sheet on Dec 31, 2003?
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