Green Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 140,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 6,000 shares of its own stock at $23 cash per share. $ 600,000 90,000 500,000 $ 1,190,000 January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 3,000 of its treasury shares at $27 cash per share. August 22 Sold 3,000 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $181,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete. Requirement General Journal General Ledger Trial Balance RE Statement of Stockholders Equity Impact on Equity Prepare the stockholders' equity section of Green Corporation's balance sheet as of December 31. GREEN CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Common stock $10 par value $ 600.000 Paid-in capital in excess of par value, common stock 90,000 Total contributed capital 690.000 Retained earnings Total stockholders' equity 145,600 $ 835,600 Dates: January 01 to: January 01

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Chapter1: Financial Statements And Business Decisions
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Prepare stock holders equity section of the balance sheet
Green Corporation reports the following components of stockholders' equity on January 1.
Common stock-$10 par value, 140,000 shares authorized, 60,000 shares issued and outstanding
Paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
During the year, the following transactions affected its stockholders' equity accounts.
January 2 Purchased 6,000 shares of its own stock at $23 cash per share.
$ 600,000
90,000
500,000
$ 1,190,000
January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.
February 28 Paid the dividend declared on January 5.
July 6 Sold 3,000 of its treasury shares at $27 cash per share.
August 22 Sold 3,000 of its treasury shares at $19 cash per share.
September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.
October 28 Paid the dividend declared on September 5.
December 31 Closed the $181,000 credit balance (from net income) in the Income Summary account to Retained Earnings.
Answer is not complete.
Requirement
General
Journal
General
Ledger
Trial Balance
Statement of Stockholders
RE
Equity
Impact on
Equity
Prepare the stockholders' equity section of Green Corporation's balance sheet as of December 31.
GREEN CORPORATION
Stockholders' Equity Section of the Balance Sheet
December 31
Common stock - $10 par value
$ 600.000
Paid-in capital in excess of par value, common stock
90,000
Total contributed capital
690.000
Retained earnings
145,600
Total stockholders' equity.
$ 835,600
Dates: January 01
to: January 01
Transcribed Image Text:Green Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 140,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 6,000 shares of its own stock at $23 cash per share. $ 600,000 90,000 500,000 $ 1,190,000 January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 3,000 of its treasury shares at $27 cash per share. August 22 Sold 3,000 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $181,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity Impact on Equity Prepare the stockholders' equity section of Green Corporation's balance sheet as of December 31. GREEN CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Common stock - $10 par value $ 600.000 Paid-in capital in excess of par value, common stock 90,000 Total contributed capital 690.000 Retained earnings 145,600 Total stockholders' equity. $ 835,600 Dates: January 01 to: January 01
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