The following are several of Graf Corporation s accounts at the
The following are several of Graf Corporation’s accounts at the end of 2016:
Account Credit Balance
Common Stock, $10 par............. $ 47,100
Bonds Payable (due 2017)............ 126,000
Additional Paid-in Capital on Preferred Stock..... 39,600
Retained Earnings................ 209,000
Premium on Bonds Payable........... 12,300
Unearned Rent................ 4,800
Preferred Stock, $100 par............ 65,400
Additional Paid-in Capital on Common Stock.... 53,900
Unfunded Accrued Pension Cost......... 18,400
Treasury Stock (cost) ............... (7,600) debit
Accumulated Other Comprehensive Income...... 8,200
Required:
Prepare the shareholders’ equity section of Graf’s 2016 ending balance sheet.
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