Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued). Excess of issue price over par... Paid-in capital, preferred stock. Balance Sheet December 31, 2017 Common stock, $20 par (50,000 shares authorized, 45,000 shares issued).. Excess of issue price over par.. Paid-in capital, common stock. From sale of treasury stock.. Total paid-in capital Retained earnings.. Total Treasury stock (600 shares at cost).. Total stockholders' equity... ********** ***************** e the Telex Information to complete the following questions: Preferred Stock Number of Shares Authorized Number of Shares Issued Par Value of Preferred Stock Total cash received from sale of Preferred Stock Market Price per share of Preferred Stock Common Stock Number of Shares Authorized Number of Shares Issued Par Value of Common Stock Total cash received from sale of Common Stock Market Price per share of Common Stock $100,000 10,000 $900,000 190,000 $ 110,000 1,090,000 2,000 $1,202,000 350,000 $1,552,000 (27,000) $1,525,000
Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued). Excess of issue price over par... Paid-in capital, preferred stock. Balance Sheet December 31, 2017 Common stock, $20 par (50,000 shares authorized, 45,000 shares issued).. Excess of issue price over par.. Paid-in capital, common stock. From sale of treasury stock.. Total paid-in capital Retained earnings.. Total Treasury stock (600 shares at cost).. Total stockholders' equity... ********** ***************** e the Telex Information to complete the following questions: Preferred Stock Number of Shares Authorized Number of Shares Issued Par Value of Preferred Stock Total cash received from sale of Preferred Stock Market Price per share of Preferred Stock Common Stock Number of Shares Authorized Number of Shares Issued Par Value of Common Stock Total cash received from sale of Common Stock Market Price per share of Common Stock $100,000 10,000 $900,000 190,000 $ 110,000 1,090,000 2,000 $1,202,000 350,000 $1,552,000 (27,000) $1,525,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Stockholders' Equity
Paid-in capital:
Preferred 10% stock, $50 par (2,000 shares authorized
and issued).
Excess of issue price over par.....
Paid-in capital, preferred stock.
Common stock, $20 par (50,000 shares authorized,
45,000 shares issued)..
Excess of issue price over par..
Paid-in capital, common stock
Telex Inc.
Balance Sheet
December 31, 2017
From sale of treasury stock.
Total paid-in capital...
Retained earnings..
Total
Treasury stock (600 shares at cost)..
Total stockholders' equity..
Use the Telex Information to complete the following questions:
Preferred Stock
Number of Shares Authorized
Number of Shares Issued
Par Value of Preferred Stock
Total cash received from sale of Preferred Stock
Market Price per share of Preferred Stock
Common Stock
Number of Shares Authorized
Number of Shares Issued
Par Value of Common Stock
Total cash received from sale of Common Stock
Market Price per share of Common Stock
$100,000
10,000
$900,000
190,000
$ 110,000
1,090,000
2,000
$1,202,000
350,000
$1,552,000
(27,000)
$1,525,000
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