Prepare the Stockholders' Equity Section Renee Corporation has the following stockholders' equity information: $5 Par Common $10 Par Preferred Additional paid-in capital $2,250,000 $50,000 Shares: Authorized 750,000 40,000 Issued 300,000 8,000 Outstanding 250,000 8,000 Retained earnings is $1,837,000, and the cost of treasury shares is $1,200,000. Required: Prepare the stockholders' equity portion of Renee's balance sheet. Renee CorporationBalance Sheet (Partial)December 31 Stockholders' equity: $- Select - - Select - Additional paid-in capital: $- Select - - Select - Total additional paid-in capital fill in the blank 9 Total capital stock $fill in the blank 10 Retained earnings Less: Treasury stock Total stockholders' equity $fill in the blank 15
Prepare the Stockholders' Equity Section Renee Corporation has the following stockholders' equity information: $5 Par Common $10 Par Preferred Additional paid-in capital $2,250,000 $50,000 Shares: Authorized 750,000 40,000 Issued 300,000 8,000 Outstanding 250,000 8,000 Retained earnings is $1,837,000, and the cost of treasury shares is $1,200,000. Required: Prepare the stockholders' equity portion of Renee's balance sheet. Renee CorporationBalance Sheet (Partial)December 31 Stockholders' equity: $- Select - - Select - Additional paid-in capital: $- Select - - Select - Total additional paid-in capital fill in the blank 9 Total capital stock $fill in the blank 10 Retained earnings Less: Treasury stock Total stockholders' equity $fill in the blank 15
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 73E: Preferred Dividends Eastern Inc.s equity includes 8%, $25 par preferred stock. There are 100,000...
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Renee Corporation has the following stockholders' equity information:
$5 Par Common | $10 Par Preferred | |||
Additional paid-in capital | $2,250,000 | $50,000 | ||
Shares: | ||||
Authorized | 750,000 | 40,000 | ||
Issued | 300,000 | 8,000 | ||
Outstanding | 250,000 | 8,000 |
Retained earnings is $1,837,000, and the cost of treasury shares is $1,200,000.
Required:
Prepare the stockholders' equity portion of Renee's balance sheet.
Stockholders' equity: | ||
|
$- Select - | |
|
- Select - | |
Additional paid-in capital: | ||
|
$- Select - | |
|
- Select - | |
Total additional paid-in capital | fill in the blank 9 | |
Total capital stock | $fill in the blank 10 | |
|
Retained earnings | |
|
Less: |
|
Total stockholders' equity | $fill in the blank 15 |
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