Swifty Corporation's post-closing trial balance at December 31, 2025, is as follows. SWIFTY CORPORATION Post-Closing Trial Balance December 31, 2025 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) Totals Authorized Issued Outstanding Dr. Common 573,000 191,000 175,000 $453,000 1,345,000 209,000 536,000 413,000 39,000 Cr. $150,900 195,000 11,000 11,000 1,319,000 163,000 27,000 204,000 At December 31, 2025, Swifty had the following number of common and preferred shares. Preferred 66,000 191,000 4,100 550,000 299,000 179,000 $3,173,000 $3,173,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Swifty's balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information)

Swifty Corporation's post-closing trial balance at December 31, 2025, is as follows. SWIFTY CORPORATION Post-Closing Trial Balance December 31, 2025 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) Totals Authorized Issued Outstanding Dr. Common 573,000 191,000 175,000 $453,000 1,345,000 209,000 536,000 413,000 39,000 Cr. $150,900 195,000 11,000 11,000 1,319,000 163,000 27,000 204,000 At December 31, 2025, Swifty had the following number of common and preferred shares. Preferred 66,000 191,000 4,100 550,000 299,000 179,000 $3,173,000 $3,173,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Swifty's balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information)

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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