The following stockholders equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31,

Question:

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2022.

Common Stock ($2 stated value)...................$1,600,000

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)...................600,000

Retained Earnings...................1,334,000

Treasury Stock (12,000 common shares)...................72,000

Instructions

Prepare the stockholders’ equity section of the balance sheet at December 31, 2022.

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...