8% cumulative preferred stock, $100 par, 75,000 shares authorized $600,000 Common stock, $10 par, 500,000 shares authorized: 120,000 shares issued and $1,200,000 outstanding Additional paid-in capital: preferred stock $200,000 Additional paid-in capital: common stock $600,000 Retained earnings $50,000

8% cumulative preferred stock, $100 par, 75,000 shares authorized $600,000 Common stock, $10 par, 500,000 shares authorized: 120,000 shares issued and $1,200,000 outstanding Additional paid-in capital: preferred stock $200,000 Additional paid-in capital: common stock $600,000 Retained earnings $50,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Show entries from A to G?
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asap Bramble Corporation’s December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 18300 shares authorized; 13300 shares issued $ 266000 Common stock, $10 par value, 1930000 shares authorized; 1880000 shares issued, 1860000 shares outstanding 18800000 Paid-in capital in excess of par—preferred stock 59500 Paid-in capital in excess of par—common stock 24900000 Retained earnings 7670000 Treasury stock (19800 shares) 623700 Bramble’s total stockholders’ equity was $44051800. $51695500. $52331800. $51071800.
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