Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2022.Retained Earnings $41,200 Preferred Stock 8,600 Common Stock—$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,316,000,000 shares 8,860 Treasury Stock—67,346,829 common shares (2,420)Paid-in Capital in Excess of Par Value—Common Stock 53,200 Accumulated Other Comprehensive Income 8,260 Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2022. (Enter account name only and do not provide descriptive information.)WELLS FARGO & COMPANYPartial Balance Sheetchoose the accounting period (in millions)select an opening section name select an opening subsection name select a name of the subordinate part of this subsection 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 of this subsection $enter a subtotal of the two previous amounts select a name of the subordinate part of this subsection enter a balance sheet item enter a dollar amount select a closing subsection name enter a total of this subsection enter a balance sheet item enter a dollar amount select a summarizing line for this part of the statement enter a subtotal amount for this part of the statement enter a balance sheet item enter a dollar amount select between addition and deduction : enter a balance sheet item enter a dollar amount select a closing section name

Introduction: Balance sheet: All Assets and liabilities are shown in balance sheet. It tells the net…

Answered: Wells Fargo & Company, headquartered in…

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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Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2022.

Retained Earnings	$41,200
Preferred Stock	8,600
Common Stock—$1 ²/₃ par value, authorized 6,000,000,000 shares; issued 5,316,000,000 shares	8,860
Treasury Stock—67,346,829 common shares	(2,420	)
Paid-in Capital in Excess of Par Value—Common Stock	53,200
Accumulated Other Comprehensive Income	8,260

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

WELLS FARGO & COMPANY Partial Balance Sheet choose the accounting period (in millions)
select an opening section name
select an opening subsection name
select a name of the subordinate part of this subsection
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 of this subsection		$enter a subtotal of the two previous amounts
select a name of the subordinate part of this subsection
enter a balance sheet item		enter a dollar amount
select a closing subsection name		enter a total of this subsection
enter a balance sheet item		enter a dollar amount
select a summarizing line for this part of the statement		enter a subtotal amount for this part of the statement
enter a balance sheet item		enter a dollar amount
select between addition and deduction : enter a balance sheet item		enter a dollar amount
select a closing section name