Question

The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal. Account Amount Common Stock, $5 par $150,000 Treasury Stock, at cost $10 per share 20,000 Dividends Payable 5,000 Paid in Capital in excess of par, Common Stock 30,000 Paid in Capital in excess of par, Preferred Stock 3,500 Retained Earnings 140,000 Bonds Payable 75,000 Preferred Stock, $100 par, 5% cumulative 35,000 On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Answer 1

Stockholders Equity
Common stock	150000
Paid in capital in excess of par ,common stock	30000
Preferred stock $ 100 par 5% cumulative	35000
Paid in capital in excess of par ,preferred stock	3500
Treasury stock	-20000
Outstanding shares	198500
Retained earnings	140000
Stockholders Equity	338500

Question 14

		Debit	Credit
Jan 2 2016	Equipment	65000
	Common stock		20000
	Paid in capital In excess of par common stock		45000