Question

Tab > results.cdxdiagnosti.. Certificates of Anal M farmingdale degree... YouTube Maps Return to LUS agendt, Accounting Principles, 13. CES Question 5 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Sheffield Corporation at December 31, 2020 Common Stock ($4 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $103 par) Retained Earnings Treasury Stock (11,500 common shares) $1,376,000 280,000 918,000 520,150 1,200,000 138,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) SHEFFIELD CORPORATION Partial Balance Sheet here to search Ο Ξi Η @ @

Answer 1

Balance Sheet
Stockholders Equity		Amount in $
Paid in capital
Capital stock
Common stock ( $4 Stated Value )		1,376,000
Preferred Stock ( 8% , $103 par)		520,150
Total Capital Stock		1,896,150
Additional paid in capital
Paid in capital in excess of par-preferred Stock	280,000
Paid in capital in excess of stated value -Common Stock	918,000	1,198,000
Total paid in capital		3,094,150
Retained earnings		1,200,000
Total paid in capital & retained earnings		4,294,150
Less:Treasury stock		138,000
Total stockholders equity		4,156,150