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Stockholders equity section at december

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Reference no: EM13526626

The following accounts appear in the ledger of Sather Inc. after the books are closed at December 31, 2012.

Common Stock (no-par, $1 stated value, 400,000 shares

authorized, 250,000 shares issued)

$ 250,000

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

1,200,000

Preferred Stock ($50 par value, 8%, 40,000 shares authorized,

14,000 shares issued)

700,000

Retained Earnings

920,000

Treasury Stock (9,000 common shares)

64,000

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

24,000

Instructions

Prepare the stockholders" equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion. (Use Note R.)

Reference no: EM13526626

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