Make the stockholders equity section of the balance sheet

Assignment Help Accounting Basics

Reference no: EM13391915

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

Common Stock ($5 stated value) $2,200,000

Paid-in Capital in Excess of Par-Preferred Stock 280,000

Paid-in Capital in Excess of Stated Value-Common Stock 800,000

Preferred Stock (8%, $100 par, noncumulative) 500,000

Retained Earnings 1,334,000

Treasury Stock-Common (10,000 shares) 120,000

Instructions

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

Reference no: EM13391915

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