Reference no: EM132714800
Question - Make a stockholder's equity section of the balance sheet by using the following information:
Studley Inc. was organized and authorized to issue 10,000 shares of $100 par value, 5% percent preferred stock, and 150,000 shares of $1 par value common stock on September 1st, 2019
a. Issued 2,000 shares of preferred stock.
b. APIC - preferred 15,000.
c. Issued 58,000 shares of common stock.
d. APIC - Common 154,000.
e. APIC - Treasury 15,750.
e. Had 3,000 shares of treasury stock at a cost of 39,000.
f. Retained earnings had a balance of 16,500.
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