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Stockholders equity accounts - patel corporation

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Reference no: EM13526625

The following stockholders" equity accounts, arranged alphabetically, are in the ledger of Patel Corporation at December 31, 2012.

Common Stock ($2 stated value)

$1,600,000

Paid-in Capital in Excess of Par Value-Preferred Stock

45,000

Paid-in Capital in Excess of Stated Value-Common Stock

1,050,000

Preferred Stock (8%, $100 par, noncumulative)

600,000

Retained Earnings

1,334,000

Treasury Stock-Common (12,000 shares)

72,000

Instructions

Prepare the stockholders" equity section of the balance sheet at December 31, 2012.

Reference no: EM13526625

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