The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Pronghorn Corp at December 31, 2022. Common Stock ($4 stated value) $2,240,000 Paid-in Capital in Excess of Par Value—Preferred Stock 63,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,470,000 Preferred Stock (7%, $100 par, noncumulative) 840,000 Retained Earnings 1,867,600 Treasury Stock (16,800 common shares) 100,800 Prepare the stockholders’ equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.) PRONGHORN CORP Partial Balance Sheet choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022 select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings select a name of the subordinate part one of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a summarizing line for the subordinate part one of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings $enter a subtotal of the two previous amounts select a name of the subordinate part two of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a summarizing line for the subordinate part two of this subsection enter a subtotal of the two previous amounts enter a dollar amount select a summarizing line for this part of the statement enter a subtotal amount for this part of the statement select between addition and deduction AddLess: enter a balance sheet item enter a dollar amount $enter a total amount for this section

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Pronghorn Corp at December 31, 2022. Common Stock ($4 stated value) $2,240,000 Paid-in Capital in Excess of Par Value—Preferred Stock 63,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,470,000 Preferred Stock (7%, $100 par, noncumulative) 840,000 Retained Earnings 1,867,600 Treasury Stock (16,800 common shares) 100,800 Prepare the stockholders’ equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.) PRONGHORN CORP Partial Balance Sheet choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022 select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings select a name of the subordinate part one of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a summarizing line for the subordinate part one of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings $enter a subtotal of the two previous amounts select a name of the subordinate part two of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a summarizing line for the subordinate part two of this subsection enter a subtotal of the two previous amounts enter a dollar amount select a summarizing line for this part of the statement enter a subtotal amount for this part of the statement select between addition and deduction AddLess: enter a balance sheet item enter a dollar amount $enter a total amount for this section

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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The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Pronghorn Corp at December 31, 2022.

Common Stock ($4 stated value)		$2,240,000
Paid-in Capital in Excess of Par Value—Preferred Stock		63,000
Paid-in Capital in Excess of Stated Value—Common Stock		1,470,000
Preferred Stock (7%, $100 par, noncumulative)		840,000
Retained Earnings		1,867,600
Treasury Stock (16,800 common shares)		100,800

Prepare the stockholders’ equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.)

PRONGHORN CORP Partial Balance Sheet choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022
select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings
select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings
select a name of the subordinate part one of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings
enter a balance sheet item	$enter a dollar amount
enter a balance sheet item	enter a dollar amount
select a summarizing line for the subordinate part one of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings		$enter a subtotal of the two previous amounts
select a name of the subordinate part two of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders’ EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and
enter a balance sheet item	$enter a dollar amount
enter a balance sheet item	enter a dollar amount
select a summarizing line for the subordinate part two of this subsection		enter a subtotal of the two previous amounts

		enter a dollar amount
select a summarizing line for this part of the statement		enter a subtotal amount for this part of the statement
select between addition and deduction AddLess: enter a balance sheet item		enter a dollar amount
		$enter a total amount for this section

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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