Question

From the following partial mixed list, select the appropriate titles and prepare a stockholders’ equity section using the source-of-capital approach as shown in the Blueprint example for Ununoctium Corporation on July 31, 201X:
Office Equipment .......................... $ 95,000
Land .............................. 220,000
Paid-In Capital in Excess of Par Value—Preferred Stock .......... 90,000
Building .............................. 95,000
Accounts Receivable ......................... 110,000
Notes Receivable ......................... 44,000
Organization Costs .......................... 9,000
Common Stock, $13 par value (59,000 shares issued and outstanding;
80,000 shares authorized) ...................... 767,000
Retained Earnings ......................... 205,000
Subscriptions Receivable—Common Stock ............... 80,000
Patents ............................... 11,000
Preferred 10% Stock, $51 Par (6,200 shares issued; 8,000 shares authorized) .. 316,000
Common Stock Subscribed at Par ................... 195,000
Paid-In Capital in Excess of Par Value—Common Stock .......... 23,000



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  • CreatedApril 24, 2014
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