Stockholder's Equity: Paid - In Capital: Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oitstanding) Excess of issue price over par $24,000.00 $60.000.00 Paid in Capital - Preferred 11 Common Stock, $2 par (200,000 shares authorized, 125,000 issued) S৪4,000,00 $250,000.00 $1,250,000.00 12 13 Excess of issue price over par Paid - In Capital - Common Stock Total Paid - In Capital 16 Retained Earnings: 14 $1,500,000.00 $1,584,000.00 $250,000.00 15 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20

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Chapter10: Financial Statements And Reports
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How many shares of treasury stock does the corporation have? What does it represent? How does it affect stockholder's equity?

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Retaied Earnings: $250,000
Treasury Stock: 8000 shares @ $2 per share
Stockholder's Equity:
6 Paid- In Capital:
Preferred Stock 5%, $4 par (8000 shares
authorized, 6000 isšued and outstanding)
Excess of issue price over par
8.
$24,000.00
$60,000.00
Paid in Capital - Preferred
Common Stock, $2 par (200,000 shares authorized,
125,000 issued)
Excess of issue price over par
10
$84,000.00
11
12
$250,000.00
13
$1,250,000.00
Paid - In Capital - Common Stock
$1,500,000.00
14
Total Paid- In Capital
$1,584,000.00
$250,000.00
15
16 Retained Earnings:
17
Total
$3,418,000.00
18 Treasury Stock (8000 shares at cost)
19 Total Stockholder's Equity
$16,000.00
$3,402,000.00
20
21
Instructions
Stockholder's Equity Section
Questions
100%
1:30 PM
P Type here to search
a
11/25/2020
12
4.
5.
Transcribed Image Text:AutoSave Accounting 2102 Assessment Fall 2020 - Excel O Search Morgan Claire McGrew MC 口 File Home Insert Draw Page Layout Formulas Data Review View Help S Share P Comments Calibri 14 A A 2 Wrap Text Currency E Insert Σ Paste Delete BIU EMerge & Center $ - % > 58 99 Conditional Format as 00 Cell Sort & Find & Ideas Sensitivity Formatting Table Styles Format Filter Select - Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity G19 3402000 A В H. K M Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 6 Paid- In Capital: Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and outstanding) Excess of issue price over par 8. $24,000.00 $60,000.00 Paid in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par 10 $84,000.00 11 12 $250,000.00 13 $1,250,000.00 Paid - In Capital - Common Stock $1,500,000.00 14 Total Paid- In Capital $1,584,000.00 $250,000.00 15 16 Retained Earnings: 17 Total $3,418,000.00 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20 21 Instructions Stockholder's Equity Section Questions 100% 1:30 PM P Type here to search a 11/25/2020 12 4. 5.
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