E11.14 (LO 4), AP The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2022.
Prepare a stockholders' equity section.
Common Stock ($2 stated value) | $1,600,000 | |
Paid-in Capital in Excess of Par Value—Preferred Stock | 45,000 | |
Paid-in Capital in Excess of Stated Value—Common Stock | 1,050,000 | |
Preferred Stock (8%, $100 par, noncumulative) | 600,000 | |
Retained Earnings | 1,334,000 | |
Treasury Stock (12,000 common shares) | 72,000 |
Instructions
Prepare the stockholders' equity section of the balance sheet at December 31, 2022.
please type your answers and don't use excel spreadsheet.
Answer
Partial Balance Sheet |
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at 31 Dec 2022 |
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Stockholder's Equity |
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Paid in Capital |
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Capital Stock |
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Common Stock |
$1,600,000 |
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Preferred Stock |
$600,000 |
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Total Capital Stock |
$2,200,000 |
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Additional paid in Capital |
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paid in Capital in excess of Stated Value - Common Stock |
$1,050,000 |
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paid in Capital in excess of Par - Preferred Stock |
$45,000 |
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Total additional paid in capital |
$1,095,000 |
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Total Paid in Capital |
$3,295,000 |
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Retained earnings |
$1,334,000 |
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Total Paid in Capital & Retained earnings |
$4,629,000 |
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Less: |
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Treasury Stock |
($72,000) |
|
Total Stockholder's Equity |
$4,557,000 |
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