Reference no: EM132643043
Question - Scranton Company has the following stockholder equity items at December 31, 2018:
Common Stock 1,000,000 shares authorized, 400,000 shares issued, $2 par
Preferred Stock, 200,000 shares authorized, 100,000 shares issued, $10 par
Common Stock Dividend Distributable, $250,000
Cash Dividend Distributable, $300,000
Additional Paid in Capital-common stock, $2,000,000
Additional Paid in Capital-preferred stock, $1,000,000
Retained Earnings, $5,000,000
Treasury Stock, 40,000 shares, at cost, $300,000
Required - Preparing in good format the stockholder equity section of the balance sheet.
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