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Preferred Stock Mar.1 A75000 Nov 150000 Bal 625.000 Common Stock Jan. 10 23000 Apr.1 2000 May1 229 500 Aug1 33000 Sept 1 34500 Bal 60000 Paid in Capital in Excess of Par Preferred Stock Mar.1 v 23750 Nov 1 12000 Bat 35,750 Paid in Capital in Excess of Stated Value Common Stock Jan 10 234D00 Ap. 1 15,000 May1 95425 Aug1 9000 Sept. 1 23.000 376625

Preferred Stock Mar.1 A75000 Nov 150000 Bal 625.000 Common Stock Jan. 10 23000 Apr.1 2000 May1 229 500 Aug1 33000 Sept 1 34500 Bal 60000 Paid in Capital in Excess of Par Preferred Stock Mar.1 v 23750 Nov 1 12000 Bat 35,750 Paid in Capital in Excess of Stated Value Common Stock Jan 10 234D00 Ap. 1 15,000 May1 95425 Aug1 9000 Sept. 1 23.000 376625

FINANCIAL ACCOUNTING
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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Use the information given to fill out balance sheet completely
Date Account Titles and Explanation Debit Credit Jan 10 v Cash 468000 Common Stock 234000 Padin Capital in Eces of Stated Value Common Stock 234000 Mar.1 Cash 49750 Preferred Stack 475000 Paidin Capital in Excess of Par Preferred Stock 23750 Apr. 1 Land 87.000 Common Stock 72,000 Paid in Capital in Excess of Stated Value Common Stock 15,000 May1 Cash 325,125 Common Stork 229,500 Paid in Capital in Excess of Stated Value-Common Stock 95,625 Aug 1 v Organization Expese 42.000 Common Stock 33,000 Paidin Capital in Excess of Stated Value Common Stock 9,000 Sept. 1 v Cash 57,500 Common Stock 34.500 Paidin Capital in Excess of Stated Value Common Stock 23,000 Nov 1 v Cash 162.000 Preferred Stock 150,000 Paidin Capital in Excess of Par-Preferred Stock 12.000 Preferred Stock Mar. 1 475,000 Nov. 1 150,000 Bal 625,000 Common Stock Jan. 10 v 234000 Apr. 1 72,000 May 1 v 229 500 Aug 1 v 33,000 Sept. 1 34.500 Bal 603.000 Paid in Capital in Excess of Par Preferred Stock Mar. 1 23,750 Nov 1 12,000 Bal. 35,750 Paid-in Capital in Excess of Stated Value Common Stock Jan 10 234,000 Apr. 1 15,000 May 1 v 95.625 Aug. 1 9.000 Sept. 1 v 23,000 Bal 376625
Transcribed Image Text:Date Account Titles and Explanation Debit Credit Jan 10 v Cash 468000 Common Stock 234000 Padin Capital in Eces of Stated Value Common Stock 234000 Mar.1 Cash 49750 Preferred Stack 475000 Paidin Capital in Excess of Par Preferred Stock 23750 Apr. 1 Land 87.000 Common Stock 72,000 Paid in Capital in Excess of Stated Value Common Stock 15,000 May1 Cash 325,125 Common Stork 229,500 Paid in Capital in Excess of Stated Value-Common Stock 95,625 Aug 1 v Organization Expese 42.000 Common Stock 33,000 Paidin Capital in Excess of Stated Value Common Stock 9,000 Sept. 1 v Cash 57,500 Common Stock 34.500 Paidin Capital in Excess of Stated Value Common Stock 23,000 Nov 1 v Cash 162.000 Preferred Stock 150,000 Paidin Capital in Excess of Par-Preferred Stock 12.000 Preferred Stock Mar. 1 475,000 Nov. 1 150,000 Bal 625,000 Common Stock Jan. 10 v 234000 Apr. 1 72,000 May 1 v 229 500 Aug 1 v 33,000 Sept. 1 34.500 Bal 603.000 Paid in Capital in Excess of Par Preferred Stock Mar. 1 23,750 Nov 1 12,000 Bal. 35,750 Paid-in Capital in Excess of Stated Value Common Stock Jan 10 234,000 Apr. 1 15,000 May 1 v 95.625 Aug. 1 9.000 Sept. 1 v 23,000 Bal 376625
Prepare the paid-in capital section of stockholders' equity at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) SARASOTA CORPORATION Balance Sheet (Partial) 2$ %24
Transcribed Image Text:Prepare the paid-in capital section of stockholders' equity at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) SARASOTA CORPORATION Balance Sheet (Partial) 2$ %24
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