The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Bonita Corporation at December 31, 2020. Common Stock ($5 stated value) $2,380,000 Paid-in Capital in Excess of Par—Preferred Stock 300,000 Paid-in Capital in Excess of Stated Value—Common Stock 800,000 Preferred Stock (8%, $100 par) 535,000 Retained Earnings 1,334,000 Treasury Stock—Common (11,100 shares) 133,200 Prepare the stockholders’ equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Bonita Corporation at December 31, 2020. Common Stock ($5 stated value) $2,380,000 Paid-in Capital in Excess of Par—Preferred Stock 300,000 Paid-in Capital in Excess of Stated Value—Common Stock 800,000 Preferred Stock (8%, $100 par) 535,000 Retained Earnings 1,334,000 Treasury Stock—Common (11,100 shares) 133,200 Prepare the stockholders’ equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following
| Common Stock ($5 stated value) | $2,380,000 | |
| Paid-in Capital in Excess of Par— |
300,000 | |
| Paid-in Capital in Excess of Stated Value—Common Stock | 800,000 | |
| Preferred Stock (8%, $100 par) | 535,000 | |
| 1,334,000 | ||
| 133,200 |
Prepare the stockholders’ equity section of the
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