West Jefferson Corporation has the following stockholders' equity accounts: Preferred Stock Paid-in Capital in Excess of Par—Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value—Common Stock Paid-in Capital from Treasury Stock—Common, Retained Earnings Treasury Stock—Common Classify each account using 'x' mark from the following table headings. Paid-in Capital Account Capital Stock Additional Retained Earnings Other Preferred Stock x x x x Paid-in Capital in Excess of Par—Preferred Stock x x x x Common Stock x x x x Paid-in Capital in Excess of Stated Value—Common Stock x x x x Paid-in Capital from Treasury Stock—Common x x x x Retained Earnings x x x x Treasury Stock—Common x x x x
West Jefferson Corporation has the following stockholders' equity accounts: Preferred Stock Paid-in Capital in Excess of Par—Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value—Common Stock Paid-in Capital from Treasury Stock—Common, Retained Earnings Treasury Stock—Common Classify each account using 'x' mark from the following table headings. Paid-in Capital Account Capital Stock Additional Retained Earnings Other Preferred Stock x x x x Paid-in Capital in Excess of Par—Preferred Stock x x x x Common Stock x x x x Paid-in Capital in Excess of Stated Value—Common Stock x x x x Paid-in Capital from Treasury Stock—Common x x x x Retained Earnings x x x x Treasury Stock—Common x x x x
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
West Jefferson Corporation has the following stockholders' equity accounts:
Preferred Stock
Paid-in Capital in Excess of Par—Preferred Stock
Common Stock
Paid-in Capital in Excess of Stated Value—Common Stock
Paid-in Capital fromTreasury Stock —Common, Retained Earnings
Treasury Stock—Common
Classify each account using 'x' mark from the following table headings.
Paid-in Capital in Excess of Par—Preferred Stock
Common Stock
Paid-in Capital in Excess of Stated Value—Common Stock
Paid-in Capital from
Treasury Stock—Common
Classify each account using 'x' mark from the following table headings.
|
Paid-in Capital
|
||||||||
|
Account
|
Capital Stock
|
Additional
|
Retained Earnings
|
Other
|
||||
| Preferred Stock |
x
|
x
|
x
|
x
|
||||
| Paid-in Capital in Excess of Par—Preferred Stock |
x
|
x
|
x
|
x
|
||||
| Common Stock |
x
|
x
|
x
|
x
|
||||
| Paid-in Capital in Excess of Stated Value—Common Stock |
x
|
x
|
x
|
x
|
||||
| Paid-in Capital from Treasury Stock—Common |
x
|
x
|
x
|
x
|
||||
| Retained Earnings |
x
|
x
|
x
|
x
|
||||
| Treasury Stock—Common |
x
|
x
|
x
|
x
|
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