Question: The following stockholders equity accounts arranged alphabetically are in the

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2014.
Common Stock ($5 stated value) ............... $1,500,000
Paid-in Capital in Excess of Par—Preferred Stock ........ 280,000
Paid-in Capital in Excess of Stated Value—Common Stock ..... 900,000
Preferred Stock (8%, $100 par, noncumulative) ......... 500,000
Retained Earnings ...................... 1,234,000
Treasury Stock (10,000 common shares) ............. 120,000

Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2014.


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  • CreatedJanuary 30, 2014
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