Question: Casey Manufacturing Co has the following selected account balances at

Casey Manufacturing, Co. has the following selected account balances at June 30, 2014.
Common Shares, unlimited
number of shares authorized,
100,000 shares issued and outstanding ........... $100,000
Accumulated Depreciation, Machinery and Equipment ...... 62,000
Retained Earnings ...................... 110,000
Inventory ......................... $112,000
Machinery and Equipment ................. l09,000
Preferred Shares, 5%,
20,000 shares authorized,
5,000 shares issued and outstanding .............. 190,000
Cost of Goods Sold ................... 81,000
Requirement
Prepare the shareholders' equity section of the company's balance sheet.

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  • CreatedJuly 08, 2015
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