Question

Exercise 11-20 The following accounts appear in the ledger of Blossom Company after the books are closed at December 31, 2020 $ 598,000 Common Stock, no par, $2 stated value, 381,000 shares authorized; 299,000 shares issued 33,000 Common Stock Dividends Distributable 1,130,000 Paid-in Capital in Excess of Stated Value-Common Stock 132,500 Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 26,500 shares issued 784,000 Retained Earnings Treasury Stock (11,200 common shares) Paid-in Capital in Excess of Par-Preferred Stock 80,640 349,000 25,500 Accumulated Other Comprehensive Loss Prepare the stockholders' equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $109,000. For capital stock first enter the preferred stock details. (Enter account name only and do not provide descriptive information.)

Answer 1

Answer-   Blossom Company

Balance Sheet (Partial)

For the Year Ended December 31, 2020  

Stockholders' Equity
Paid-in capital
Capital stock
Preferred stock		132,500
Common stock	598,000
Common stock dividend distributable	33,000	631,000
Total capital stock		763,500
Additional paid in capital:
In excess of par value-preferred	349,000
In excess of par value-common	1,130,000
Total Additional paid in capital		1,479,000
Total paid in capital		2,242,500
Retained Earnings		784,000
Total paid in capital and retained earnings		3,026,500
Less: treasury stock		80,640
Total Stockholders' Equity		2,945,860

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Answer 2

It's just December 31, 2020 because it's a Partial Balance Sheet. Everything else is fine.