Question

Your answer is partially correct. Try again. The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020. Common Stock ($6 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, 5104 par) Retained Earnings Treasury Stock (12,000 common shares) $2,028,000 280,000 946,000 535,600 1,150,000 144,000 Study Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the annua question.)

Answer 1

Partial balance

As on December 31,2020

Stockholder's equity
Paid in capital
Capital Stock
Common Stock		2028000
Preferred stock		535600
Total capital stock		2563600
Additional paid in capital
Paid in capital in excess of stated value-Common	946000
Paid in capital in excess of par value-Preferred	280000
Total additional paid in capital		1226000
Total Paid in capital		3789600
Retained earnings		1150000
Total paid in capital and retained earnings		4939600
Less:
Treasury stock		-144000
Total Stockholder's equity		4795600