Use the Blumenthall Corporation data in exercise E10-23 to prepare the shareholders' equity section of the company's

Question:

Use the Blumenthall Corporation data in exercise E10-23 to prepare the shareholders' equity section of the company's balance sheet at December 31, 2014.

E10-23

Common shares
1,800 million shares issued ............................................................... $2,700
Retained earnings .................................................................................. 1,200
Total shareholders’ equity .................................................................. $3,900

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...