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Prepare a stockholders equity section at december 31 2010

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Reference no: EM13598703

The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010.

  1. Common Stock ($6 stated value) $2,439,600
  2. Paid-in Capital from Treasury Stock 13,970
  3. Paid-in Capital in Excess of Stated Value-Common Stock 1,606,300
  4. Paid-in Capital in Excess of Par Value-Preferred Stock 675,000
  5. Preferred Stock (8%, $52 par, noncumulative) 813,800
  6. Retained Earnings 1,741,400
  7. Treasury Stock-Common (11,100 shares) 144,300

Instructions

Prepare a stockholders' equity section at December 31, 2010. (For multiple entries, refer to the example on page 589 DO IT! in the textbook for the proper order.)

Reference no: EM13598703

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