Below is the Stockholders' Equity section of the balance sheet prepared as of the end of the current year.Stockholders’ EquityPaid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued)$10,000,000 Excess of issue price over par500,000$10,500,000Retained earnings 96,700,000Treasury stock (75,000 shares at cost) 1,755,000Dividends payable 430,000 Total paid-in capital $109,385,000Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued) 17,655,000Organizing costs 300,000Total stockholders' equity $127,340,000Prepare a corrected Stockholders' Equity section. Stockholders' Equity Paid-In Capital: $fill in the blank 2 fill in the blank 4 $fill in the blank 6 $fill in the blank 8 fill in the blank 10 fill in the blank 12 Total paid-in capital $fill in the blank 13 fill in the blank 15Total $fill in the blank 16 fill in the blank 18Total stockholders' equity $fill in the blank 19

Stockholders' Equity: Stockholders' equity is a part of the accounting equation, which says, Assets…

Answered: Below is the Stockholders' Equity…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 5SEA: STOCKHOLDERS EQUITY SECTION After closing its books on December 31, Pro Parts stockholders equity...

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Below is the Stockholders' Equity section of the balance sheet prepared as of the end of the current year.

Stockholders’ Equity
Paid-in capital:
Preferred 2% stock, $80 par (125,000 shares authorized and issued)	$10,000,000
Excess of issue price over par	500,000	$10,500,000
Retained earnings		96,700,000
Treasury stock (75,000 shares at cost)		1,755,000
Dividends payable		430,000
Total paid-in capital		$109,385,000
Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)		17,655,000
Organizing costs		300,000
Total stockholders' equity		$127,340,000

Prepare a corrected Stockholders' Equity section.


Stockholders' Equity

Paid-In Capital:
	$fill in the blank 2
	fill in the blank 4
		$fill in the blank 6
	$fill in the blank 8
	fill in the blank 10
		fill in the blank 12
Total paid-in capital			$fill in the blank 13
			fill in the blank 15
Total			$fill in the blank 16
			fill in the blank 18
Total stockholders' equity			$fill in the blank 19

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