Question: The following accounts and balances are from the records of

The following accounts and balances are from the records of Quest Corporation on December 31, 2011:
Preferred Stock, $100 par value, 9 percent cumulative, 20,000 shares
authorized, 6,000 shares issued and outstanding.......... $600,000
Common Stock, $12 par value, 90,000 shares authorized, 30,000 shares
issued, and 28,500 shares outstanding ............. 360,000
Additional Paid-In Capital ................. 194,000
Retained Earnings ..................... 23,000
Treasury Stock, Common (1,500 shares, at cost) ......... 30,000
Prepare the stockholders’ equity section for Quest’s balance sheet as of December 31, 2011.



$1.99
Sales0
Views81
Comments
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000