Whispering Winds Corp. has these accounts at December 31: Common Stock, $10 par, 6,100 shares issued, $61,000; Paid-in Capital in Excess of Par Value $19,600; Retained Earnings $44,600; and Treasury Stock, 560 shares. $12,320. Prepare the stockholders' equity section of the balance sheet.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...
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Whispering Winds Corp. has these accounts at December 31: Common Stock, $10 par, 6,100 shares issued, $61,000; Paid-in Capital in
Excess of Par Value $19,600; Retained Earnings $44,600; and Treasury Stock, 560 shares, $12,320.
Prepare the stockholders' equity section of the balance sheet.
Transcribed Image Text:Whispering Winds Corp. has these accounts at December 31: Common Stock, $10 par, 6,100 shares issued, $61,000; Paid-in Capital in Excess of Par Value $19,600; Retained Earnings $44,600; and Treasury Stock, 560 shares, $12,320. Prepare the stockholders' equity section of the balance sheet.
Excess of Par Value $19.600; Retained Earnings $44,600; and Treasury Stock, 560 shares, $12.320.
Prepare the stockholders' equity section of the balance sheet.
Stockholders' Equity
Paid-in Capital
Capital Stock
Common Stock
Additional Paid-in Capital
Paid in Capital in Excess of Par Value-Common Stock
Total Paid-in Capital
Retained Earnings
Capital Stock
Common Stock
Additional Paid-in Capital
Paid-in Capital in Excess of Par Value-Common Stock
Total Paid in Capital
Retained Earnings
Whispering Winds Corp.
Balance Sheet (Partial)
December 31
Total Paid-in Capital and Retained Earnings
Less
Treasury Stock
Total Stockholders' Equity
mewapa
Transcribed Image Text:Excess of Par Value $19.600; Retained Earnings $44,600; and Treasury Stock, 560 shares, $12.320. Prepare the stockholders' equity section of the balance sheet. Stockholders' Equity Paid-in Capital Capital Stock Common Stock Additional Paid-in Capital Paid in Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings Capital Stock Common Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Total Paid in Capital Retained Earnings Whispering Winds Corp. Balance Sheet (Partial) December 31 Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity mewapa
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