United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $800,000; Common Stock, $550,000; Preferred Stock, $3,100,000; Retained Earnings, $1,950,000; and Additional Paid-in Capital, $8,300,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) UNITED APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2024
United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $800,000; Common Stock, $550,000; Preferred Stock, $3,100,000; Retained Earnings, $1,950,000; and Additional Paid-in Capital, $8,300,000. Required: Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) UNITED APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2024
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject : Accounting
![aces
United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $800,000;
Common Stock, $550,000; Preferred Stock, $3,100,000; Retained Earnings, $1,950,000; and Additional Paid-in Capital, $8,300,000.
Required:
Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted
should be indicated by a minus sign.)
UNITED APPAREL
Balance Sheet
(Stockholders' Equity Section)
December 31, 2024
Stockholders' Equity:
Common Stock
Preferred Stock
Additional Paid-in Capital
Total Paid-in Capital
Retained Eamings
Treasury Stock
Total Stockholders' Equity
$
$
550,000
3,100,000
8.300,000
11,950,000
1,950,000
13,900,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fc66754-dc05-453a-a4c8-c79196bcb5d1%2Fe74cd025-4a73-4b5c-8ab0-132737472fcd%2Fzyt1xmq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:aces
United Apparel has the following balances in its stockholders' equity accounts on December 31, 2024: Treasury Stock, $800,000;
Common Stock, $550,000; Preferred Stock, $3,100,000; Retained Earnings, $1,950,000; and Additional Paid-in Capital, $8,300,000.
Required:
Prepare the stockholders' equity section of the balance sheet for United Apparel as of December 31, 2024. (Amounts to be deducted
should be indicated by a minus sign.)
UNITED APPAREL
Balance Sheet
(Stockholders' Equity Section)
December 31, 2024
Stockholders' Equity:
Common Stock
Preferred Stock
Additional Paid-in Capital
Total Paid-in Capital
Retained Eamings
Treasury Stock
Total Stockholders' Equity
$
$
550,000
3,100,000
8.300,000
11,950,000
1,950,000
13,900,000
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