ceaching and learning resource from Cengage Learning eAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress3false) eBook Show Me How Calculator E Print Item Reporting stockholders' equlty Accounts and Amount Descriptions Instructions Stockholders' Equity Instructions Using following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8 Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries, For those boxes in which you must enter subtracted or negative numbers use a minus sign. Two hundred fifty thousand shares of common stock are authorized, and 19,800 shares have been reacquired. Common Stock, $60 par $11,400,000 313,000 Paid-In Capital from Sale of Treasury Stock 3,280,000 Paid-In Capital in Excess of Par-Common Stock 18,940,000 Retained Earnings 1,287,000 Treasury Stock 12070000 Next> Previous 1 more Check My Work uses remaining. Check My Work 11:12 Instructions Accounts and Amount Desoriptions Stockholders' Equity Instructions Stockholders' Equity Shaded cells have StoCoTuSEQung 1Paid-in capital: $11,400,0000" 3.280,000.00 Common stock, $60 par (250,000 shares authorized, 190,000 shares issued) Excess over par $14,680,000.00 313,000.00 From sale of treasury stock $14.993,000.00 Total paid-in capital 7 Retained eamings 18,940,000.00 $33,935,000.00" Total 9 Treasury stock (19,800 shares at cost) 1,287,000.00 10 Total stockholders' equity $32,646,000.00 Previou Check My Work 1 more Check My Work uses remaining

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Hi, can someone help me. I don't understand what I'm doing wrong.

ceaching and learning resource from Cengage Learning
eAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress3false)
eBook
Show Me How
Calculator
E Print Item
Reporting stockholders' equlty
Accounts and Amount Descriptions
Instructions
Stockholders' Equity
Instructions
Using
following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8 Refer to the lists of Accounts
and Amount Descriptions provided for the exact wording of the answer choices for text entries, For those boxes in which you must enter subtracted or negative
numbers use a minus sign.
Two hundred fifty thousand shares of common stock are authorized, and 19,800 shares have been reacquired.
Common Stock, $60 par
$11,400,000
313,000
Paid-In Capital from Sale of Treasury Stock
3,280,000
Paid-In Capital in Excess of Par-Common Stock
18,940,000
Retained Earnings
1,287,000
Treasury Stock
12070000
Next>
Previous
1 more Check My Work uses remaining.
Check My Work
11:12
Transcribed Image Text:ceaching and learning resource from Cengage Learning eAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator%3D&inprogress3false) eBook Show Me How Calculator E Print Item Reporting stockholders' equlty Accounts and Amount Descriptions Instructions Stockholders' Equity Instructions Using following accounts and balances, prepare the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 8 Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries, For those boxes in which you must enter subtracted or negative numbers use a minus sign. Two hundred fifty thousand shares of common stock are authorized, and 19,800 shares have been reacquired. Common Stock, $60 par $11,400,000 313,000 Paid-In Capital from Sale of Treasury Stock 3,280,000 Paid-In Capital in Excess of Par-Common Stock 18,940,000 Retained Earnings 1,287,000 Treasury Stock 12070000 Next> Previous 1 more Check My Work uses remaining. Check My Work 11:12
Instructions
Accounts and Amount Desoriptions
Stockholders' Equity
Instructions
Stockholders' Equity
Shaded cells have
StoCoTuSEQung
1Paid-in capital:
$11,400,0000"
3.280,000.00
Common stock, $60 par (250,000 shares authorized, 190,000 shares issued)
Excess over par
$14,680,000.00
313,000.00
From sale of treasury stock
$14.993,000.00
Total paid-in capital
7 Retained eamings
18,940,000.00
$33,935,000.00"
Total
9 Treasury stock (19,800 shares at cost)
1,287,000.00
10 Total stockholders' equity
$32,646,000.00
Previou
Check My Work
1 more Check My Work uses remaining
Transcribed Image Text:Instructions Accounts and Amount Desoriptions Stockholders' Equity Instructions Stockholders' Equity Shaded cells have StoCoTuSEQung 1Paid-in capital: $11,400,0000" 3.280,000.00 Common stock, $60 par (250,000 shares authorized, 190,000 shares issued) Excess over par $14,680,000.00 313,000.00 From sale of treasury stock $14.993,000.00 Total paid-in capital 7 Retained eamings 18,940,000.00 $33,935,000.00" Total 9 Treasury stock (19,800 shares at cost) 1,287,000.00 10 Total stockholders' equity $32,646,000.00 Previou Check My Work 1 more Check My Work uses remaining
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Knowledge Booster
Morals and Ethics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education