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The following accounts appear in the ledger of abc inc

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The following accounts appear in the ledger of ABC Inc. after the books are closed at December 31, 2014.

  1. Common Stock  $ 692,800
  2. Paid-in Capital in Excess of Stated Value-Common Stock 1,271,100
  3. Preferred Stock  639,030
  4. Retained Earnings 960,800
  5. Treasury Stock  61,040
  6. Paid-in Capital in Excess of Par Value-Preferred Stock 24,200

Prepare the stockholders' equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion.

Reference no: EM13592915

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