Prepare the stockholders equity section of Fina Corporations balance sheet from the following accounts and balances on

Question:

Prepare the stockholders’ equity section of Fina Corporation’s balance sheet from the following accounts and balances on December 31, 2011:

Common stock, $10 par value, 30,000 shares authorized,

20,000 shares issued, and 19,500 shares outstanding . $200,000

Additional Paid-in Capital ............. 100,000

Retained Earnings ................ 15,000

Treasury Stock, Common (500 shares, at cost) ...... 7,500

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...