Shareholders' Equity The following are several of Graf Corporation's accounts at the end of 2019 Account Credit Balance Common Stock, $1O par $51,700 Bonds Payable (due 2020) 134,000 Additional Paid-in Capital on Preferred Stock 40,000 Retained Earnings 155,000 Premium on Bonds Payable 12,300 Unearned Rent 4,300 Preferred Stock, $100 par $77,800 Additional Paid-in Capital on Common Stock 58,500 Unfunded Accrued Pension Cost 19,700 Treasury Stock (cost) (5,000) debit Accumulated Other Comprehensive Income 7,400 Required:
Shareholders' Equity The following are several of Graf Corporation's accounts at the end of 2019 Account Credit Balance Common Stock, $1O par $51,700 Bonds Payable (due 2020) 134,000 Additional Paid-in Capital on Preferred Stock 40,000 Retained Earnings 155,000 Premium on Bonds Payable 12,300 Unearned Rent 4,300 Preferred Stock, $100 par $77,800 Additional Paid-in Capital on Common Stock 58,500 Unfunded Accrued Pension Cost 19,700 Treasury Stock (cost) (5,000) debit Accumulated Other Comprehensive Income 7,400 Required:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Shareholders' Equity
The following are several of Graf Corporation's accounts at the end of 2019:
Account
Credit Balance
Common Stock, $10 par
$51,700
Bonds Payable (due 2020)
134,000
Additional Paid-in Capital on Preferred Stock
40,000
Retained Earnings
155,000
Premium on Bonds Payable
12,300
Unearned Rent
4,300
Preferred Stock, $100 par
$77,800
Additional Paid-in Capital on Common Stock
58,500
Unfunded Accrued Pension Cost
19,700
Treasury Stock (cost)
(5,000) debit
Accumulated Other Comprehensive Income
7,400
Required:
Prepare the shareholders' equity section of Graf's 2019 ending balance sheet.
GRAF CORPORATION
Shareholders' Equity Section of
Balance Sheet
December 31, 2019
Contributed Capital:
Total contributed capital
Total
Total Shareholders' Equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F77a04e17-60d4-47e8-bd34-73dc0ab50f3b%2F0798b22d-d693-40e3-be36-0fd384bdc062%2F1drkd1_processed.png&w=3840&q=75)
Transcribed Image Text:Shareholders' Equity
The following are several of Graf Corporation's accounts at the end of 2019:
Account
Credit Balance
Common Stock, $10 par
$51,700
Bonds Payable (due 2020)
134,000
Additional Paid-in Capital on Preferred Stock
40,000
Retained Earnings
155,000
Premium on Bonds Payable
12,300
Unearned Rent
4,300
Preferred Stock, $100 par
$77,800
Additional Paid-in Capital on Common Stock
58,500
Unfunded Accrued Pension Cost
19,700
Treasury Stock (cost)
(5,000) debit
Accumulated Other Comprehensive Income
7,400
Required:
Prepare the shareholders' equity section of Graf's 2019 ending balance sheet.
GRAF CORPORATION
Shareholders' Equity Section of
Balance Sheet
December 31, 2019
Contributed Capital:
Total contributed capital
Total
Total Shareholders' Equity
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