Prepare the stockholders' equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $118,000. For capital stock first enter the preferred stock details
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The following accounts appear in the ledger of Pina Colada Corp. after the books are closed at December 31, 2020.
Common Stock, no par, $1 stated value, 390,000 shares authorized; 320,000 shares issued $ 320,000
Common Stock Dividends Distributable 30,000
Paid-in Capital in Excess of Stated Value—Common Stock 1,290,000
Paid-in Capital in Excess of Par—Preferred Stock 349,000
Accumulated Other Comprehensive Loss 32,500
Prepare the
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Pina Colada Corp
Balance sheet (partial)
December 31, 2020
Stockholder's equity
paid-in capital
capital stock
preferred stock $133,500
common stock $320,000
common stock dividend $ 30,000
Total capital stock
additional paid in capital
paid in capital excss of par- preferred stock
paid in capital excess of par-common stock
___?_____________
Total paid in capital
retained earnings
total paid in capital & retained earnings
______?____________
Less treasury stock
Total liabilities & stock holders equity
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