Question

The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Bramble Corporation at December 31, 2020. Common Stock ($4 stated value) $1,340,000 Pald-In Capital In Excess of Par-Preferred Stock 276,000 Pald-in Capital In Excess of Stated Value-Common Stock 855,000 Preferred Stock (8%, $105 par) 556,500 Retained Earnings 1,180,000 Treasury Stock (12,000 common shares) 144,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the desc BRAMBLE CORPORATION Partial Balance Sheet

Answer 1

ANSWER

Bramble Corporation
Balance Sheet (Partial)
31-Dec-2020
Stockholder's Equity
Capital stock
Preferred stock (8%, $105 par, noncumulative)	$556,500
Common stock ($4 stated value)	$1,340,000
Total capital stock		$1,896,500
Additional paid-in capital
Paid-in Capital in Excess of Par Value-Preferred Stock	276,000
Paid-in Capital in Excess of Stated Value-Common Stock	855,000	1,131,000
Total paid-in capital		3,027,500
Retained earnings		1,180,000
Total paid-in capital and retained earnings		4,207,500
Less: Treasury stock-common (12,000 shares)		144,000
Total stockholders' equity		$4,063,500

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