The following stockholders equity accounts arranged alphabetically are in the
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Kenton Corporation at December 31, 2010.
Common Stock ($5 stated value) ................$2,000,000
Paid-in Capital in Excess of Par Value—Preferred Stock .........45,000
Paid-in Capital in Excess of Stated Value—Common Stock .....1,050,000
Preferred Stock (8%, $100 par, noncumulative) .............500,000
Retained Earnings .......................1,334,000
Treasury Stock—Common (8,000 shares) ...............78,000
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2010.

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