Question

Pine Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued, $45,000; Paid-in Capital in Excess of Par-Common Stock $32,000; Retained Earnings $50,000; and Treasury Stock, 600 shares, $14,400. Prepare the stockholders equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question PINE CORPORATION Balance Sheet (Partial)

1 0
Add a comment Improve this question Transcribed image text
Answer #1
Balance Sheet(Partial)
December 31
Stockholders’ equity
Paid-in Capital
Capital Stock
Common Stock 45000
Additional Paid-in Stock
Paid-in Capital in Excess of Par—Common Stock 32000
Total paid in Capital 77000
Retained Earnings 50000
Total paid in Capital and Retained Earnings 127000
Less: Treasury Stock 14400
Total Stockholders’ equity 112600
Add a comment
Know the answer?
Add Answer to:
Pine Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT