The following stockholders equity accounts Jenkins Corporation
The following stockholders’ equity accounts arranged alphabetically are in the ledger of Jenkins Corporation at December 31, 2010.

Common Stock ($10 stated value) ............ $1,200,000
Paid-in Capital from Treasury Stock .............. 6,000
Paid-in Capital in Excess of Stated Value—Common Stock ... 690,000
Paid-in Capital in Excess of Par Value—Preferred Stock ..... 288,400
Preferred Stock (8%, $100 par, noncumulative) ........ 300,000
Retained Earnings ..................... 826,000
Treasury Stock—Common (8,000 shares) ............ 88,000

Instructions
Prepare a stockholders’ equity section at December 31, 2010.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help