Question

uity E13-11 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017 Common Stock ($5 stated value) Paid-in Capital in Excess of Par—Preferred Stock Paid-in Capital in Excess of Stated Value Common Stock Preferred Stock (8%, $100 par) Retained Earnings Treasury Stock (10,000 common shares) $1,500,000 280,000 900,000 500,000 1,234,000 120,000 Instructions Prepare the stockholders' equity section of the balance sheet at December 31, 2017

Answer 1

Eudaley Corporation Stockholder's Equity Section
Stockholder's Equity:
Paid in capital
Common Stock	$1500000
Preferred stock	500000
Total Capital Stock		$2000000
Paid in capital in excess of Stated value - Common stock	900000
Paid in capital in excess of Par - Preferred stock	280000
Total Additional paid in capital		1180000
Total paid in capital		3180000
Add: Retained earnings		1234000
Total paid in capital and Retained earnings		4414000
Less: Treasury stock		120000
Total Stockholder's Equity		$4294000