Solution-Prepare the stockholders equity

Prepare the stockholders equity - charlatans corporation

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Reference no: EM13546395

Charlatans Corporation had the following stockholders' equity accounts at December 31.

Common stock ($1 par value)	$ 150,000
Preferred stock ($50 par value, 6%)	500,000
Paid-in Capital in Excess of Par-Common Stock	1,560,000
Paid-in Capital from Treasury Stock	250,000
Retained Earnings	340,000
Treasury stock-common at cost	190,000

At December 31, the number of common and preferred shares were:

	Common	Preferred
Authorized	500,000	50,000
Issued	150,000	10,000
Outstanding	140,000	10,000

Instructions

Prepare the stockholders' equity section at December 31.

Reference no: EM13546395

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Prepare the stockholders equity - charlatans corporation

Reference no: EM13546395

Reference no: EM13546395

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