Solution-Stockholders equity section at december

Stockholders equity section at december

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Reference no: EM13526626

The following accounts appear in the ledger of Sather Inc. after the books are closed at December 31, 2012.

Common Stock (no-par, $1 stated value, 400,000 shares
authorized, 250,000 shares issued)	$ 250,000
Paid-in Capital in Excess of Stated Value-Common Stock	1,200,000
Preferred Stock ($50 par value, 8%, 40,000 shares authorized,
14,000 shares issued)	700,000
Retained Earnings	920,000
Treasury Stock (9,000 common shares)	64,000
Paid-in Capital in Excess of Par Value-Preferred Stock	24,000

Instructions

Prepare the stockholders" equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion. (Use Note R.)

Reference no: EM13526626

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Stockholders equity section at december

Reference no: EM13526626

Reference no: EM13526626

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