Prepare the stockholders equity - charlatans corporation

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Reference no: EM13546395

Charlatans Corporation had the following stockholders' equity accounts at December 31.

Common stock ($1 par value)

$ 150,000

Preferred stock ($50 par value, 6%)

500,000

Paid-in Capital in Excess of Par-Common Stock

1,560,000

Paid-in Capital from Treasury Stock

250,000

Retained Earnings

340,000

Treasury stock-common at cost

190,000

At December 31, the number of common and preferred shares were:


Common

Preferred

Authorized

500,000

50,000

Issued

150,000

10,000

Outstanding

140,000

10,000

Instructions

Prepare the stockholders' equity section at December 31.

Reference no: EM13546395

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