Question

Common Stock, $1 par (2,700,000 shares authorized, 705,000 shares issued and outstanding)		$705,000
Paid-in Capital in Excess of Par Value		1,430,000
Retained Earnings		684,000
Accumulated Other Comprehensive Income		47,000

During 2022, the following transactions and events occurred.

1.		Issued 45,500 shares of $1 par value common stock for $2 per share.
2.		Issued 60,500 shares of common stock for cash at $5 per share.
3.		Purchased 23,700 shares of common stock for the treasury at $3.30 per share.
4.		Declared and paid a cash dividend of $171,500.
5.		Earned net income of $385,500.
6.		Had other comprehensive income of $16,200.

Prepare the stockholders’ equity section of the balance sheet at December 31, 2022.

Prepare the stockholders’ equity section of the balance sheet at December 31, 2022.

SKYSONG, INC. Partial Balance Sheet Stockholders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity

Answer 1

SKYSONG INC Partial Balance sheet 811000 $1717 500 a 528 500 stock holder's equity Paid in capital common stock Additional paid in capital Paid in capital in excess of par value - common stock. Total paid in Capital Retained Earnings Total paid in Capital and Retained @arnings Accumulated other comprehensive Income less Treasury stock (23700 x 3.3] $898000 $34265000 63200 ($78210) Total stockholder's equity 43411uqo