Nash Company has the following accounts among the items on its balance sheet at December 31, 2017: Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 7,925 outstanding Preferred Stock, $100 par, 7%, cumulative, 1,050 shares authorized, issued, outstanding Cash Dividend Payable Retained Earnings Additional Paid-In Capital Investment in Common Stock of Horton Company Treasury Stock, 1,075 shares, common stock Accumulated Other Comprehensive Income-Unrealized Gain on Investment Security Required: Develop the Stockholders' Equity section of the balance sheet for Nash Company at December 31, 2017. Nash Company Partial Balance Sheet December 31, 2017 Stockholders' equity Total contributed capital $45,000 93,500 183,000 60,600 21,500 4,820 Total stockholders' equity
Nash Company has the following accounts among the items on its balance sheet at December 31, 2017: Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 7,925 outstanding Preferred Stock, $100 par, 7%, cumulative, 1,050 shares authorized, issued, outstanding Cash Dividend Payable Retained Earnings Additional Paid-In Capital Investment in Common Stock of Horton Company Treasury Stock, 1,075 shares, common stock Accumulated Other Comprehensive Income-Unrealized Gain on Investment Security Required: Develop the Stockholders' Equity section of the balance sheet for Nash Company at December 31, 2017. Nash Company Partial Balance Sheet December 31, 2017 Stockholders' equity Total contributed capital $45,000 93,500 183,000 60,600 21,500 4,820 Total stockholders' equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Nash Company has the following accounts among the items on its balance sheet at December 31, 2017:
Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 7,925 outstanding Preferred Stock, $100 par, 7%, cumulative, 1,050 shares authorized, issued, and
outstanding
Cash Dividend Payable
Retained Earnings
Additional Paid-In Capital
Investment in Common Stock of Horton Company
Treasury Stock, 1,075 shares, common stock
Accumulated Other Comprehensive Income-Unrealized Gain on Investment Security
Required:
Develop the Stockholders' Equity section of the balance sheet for Nash Company at December 31, 2017.
Nash Company
Partial Balance Sheet
December 31, 2017
Stockholders' equity
$
Total contributed capital $
Total stockholders' equity $
$45,000
93,500
183,000
60,600
21,500
4,820
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