The following stockholders’ equity accounts Jenkins Corporation

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

Common Stock ($10 stated value) ……………………………… $1,200,000
Paid-in Capital from Treasury Stock …………………………………. 6,000
Paid-in Capital in Excess of Stated Value—Common Stock ……… 690,000
Paid-in Capital in Excess of Par Value—Preferred Stock …………. 288,400
Preferred Stock (8%, $100 par, noncumulative) …………………… 300,000
Retained Earnings …………………………………….……………. 826,000
Treasury Stock—Common (8,000 shares) ………………….………. 88,000

Instructions
Prepare a stockholders’ equity section at December 31, 2010.



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  • CreatedSeptember 13, 2011
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