Question

CALCULATOR ANY TO STANDARD I FIN S BACK NEXT INI Brief Exercise 13-03 Pine Corporation has the following accounts at December Retained amning 545.000 tresury Stack, 500 Stack, 510 , 5.000 rs d 0,00 Paid in Capital of Common Stock 30.000 $11000 Prepare the sta r s uity section the balance sheet (Enter the account name only and do not provide the descriptive information provided in the question. )

Answer 1

Ans:

PINE CORPORATION
BALANCE SHEET(PARTIAL)
Dec-31
Stock holders Equity	Amount($)
Paid in capital	$
Capital Stock:
Common stock (5000*10)	50,000
Additional Paid in capital:
Paid in capital in excess of Par - common stock	30,000
Total paid in capital	80,000
Retained Earnings	45000
Total Capital + Retained earnings (80,000 + 45000)	125000
Less: treasury Stock	-11000
Total Stock holders Equity (125,000-11000)	114,000