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)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![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
Stockholders' Equity
$
S
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F901d62a1-991e-4285-bd43-97236e625e1e%2F8533d0cf-a0a3-4fa0-ac75-33631e460a28%2Fhmgxw5n_processed.png&w=3840&q=75)
Transcribed Image Text: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
Stockholders' Equity
$
S
$
![Swifty Corporation's post-closing trial balance at December 31, 2025, is as follows.
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
SWIFTY CORPORATION
Post-Closing Trial Balance
December 31, 2025
Preferred stock ($50 par)
Prepaid expenses
Retained earnings
Treasury stock (common at cost)
Totals
Authorized
Issued
Outstanding
Common
Dr.
573,000
191,000
175,000
$453,000
1,345,000
208,000
536,000
413,000
39,000
179,000
$3,173,000
Cr.
$150,900
Preferred
66,000
11,000
11,000
195,000
1,319,000
163,000
27,000
At December 31, 2025, Swifty had the following number of common and preferred shares.
284,000
191,000
4,100
550,000
289,000
$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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F901d62a1-991e-4285-bd43-97236e625e1e%2F8533d0cf-a0a3-4fa0-ac75-33631e460a28%2Fd45mf0v_processed.png&w=3840&q=75)
Transcribed Image Text:Swifty Corporation's post-closing trial balance at December 31, 2025, is as follows.
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
SWIFTY CORPORATION
Post-Closing Trial Balance
December 31, 2025
Preferred stock ($50 par)
Prepaid expenses
Retained earnings
Treasury stock (common at cost)
Totals
Authorized
Issued
Outstanding
Common
Dr.
573,000
191,000
175,000
$453,000
1,345,000
208,000
536,000
413,000
39,000
179,000
$3,173,000
Cr.
$150,900
Preferred
66,000
11,000
11,000
195,000
1,319,000
163,000
27,000
At December 31, 2025, Swifty had the following number of common and preferred shares.
284,000
191,000
4,100
550,000
289,000
$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)
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