Question

cct & Reporting I 12036 on 30 et answered ed out of 0 Flag question Presented below is information related to Victor Company at December 31, 2019. Assume a tax rate of 30% on all items Accounts Payable $ 204,975 Income Tax Payable $ 78,000 Accounts Receivable $ 259,200 Interest Payable $ 2,850 Accum. Deprec-Building $ 391,500 Inventory $ 790,125 Additional Paid-In Capital $ 81,900 Land $ 232,500 Allow for Doubtful Accounts S 3,900 Notes Payable (6 months) 96,000 Bonds Payable (due 2025) S 600,000 Notes Receivable (6 months) $ 69,000 Buildings $ 963,000 Preferred Stock s 375,000 Cash S 85,125 Prepaid Insurance S 28.125 s S 562.500 Salaries and Wages Payable Common Stock 17,100 5 S Copyrights 18.900 96,450 Supplies S 140,700 Trading Securities 36,300 Debt investments (long-term s Retained Earnings $ 306,000 Requirements Prepare the stockholders' equity section of a classified Balance Sheet for Victor Company include all headings. subheading, subtotals, and totals (with labels) that appear in the stockholders' equity section of a classited Balance Sheet. It is not necessary to include the Balance Sheet title x IS 55 B 1

plz I need it as soon as possible

Answer 1

Victor Company
Balance Sheet
As of December 31, 2019
Stockholders Equity
Paid in Capital
Capital Stock
Preferred Stock	375,000
Common Stock	562,500
Total Capital Stock	937,500
Additional Paid in Capital	81,900
Total Paid in Capital	1,019,400
Retained Earnings	306,000
Total Stockholders Equity	1,325,400