Question

Exercise 11-14 

The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Blue Spruce Corp. at December 31, 2022.

Common Stock ($2 stated value)	$3,120,000
Paid-in Capital in Excess of Par Value-Preferred Stock	87,750
Paid-in Capital in Excess of Stated Value-Common Stock	2,047,500
Preferred Stock (6%, $100 par, noncumulative)	1,170,000
Retained Earnings	2,601,300
Treasury Stock (23,400 common shares)	140,400

     

Prepare the stockholders' equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.) 

Answer 1

Partial Balance Sheet
December 31,2022
Stockholders' Equity
Paid-in Capital
Capital Stock
Common Stock	3120000
Preferred Stock	1170000
Total Capital Stock		4290000
Additional-paid in Capital
Paid-in Capital in excess of stated value-Common Stock	2047500
Paid-in Capital in excess of par value-Preferred Stock	87750
Total Additional-paid in Capital		2135250
Total Paid-in Capital		6425250
Retained Earnings		2601300
Total Paid-in Capital and Retained earnings		9026550
Less: Treasury Stock		140400
Total stockholders’ equity		8886150