On January 1, 2014, Kessler Inc. had these stockholders? equity balances.

Common Stock, $1 par (2,000,000 shares authorized, 600,000 shares issued and outstanding)		$600,000
Paid-in Capital in Excess of Par Value		1,500,000
Retained Earnings		700,000

During 2014, the following transactions and events occurred.

1.	Issued 50,000 shares of $1 par value common stock for $3 per share.
2.	Issued 60,000 shares of common stock for cash at $4 per share.
3.	Purchased 20,000 shares of common stock for the treasury at $3.80 per share.
4.	Declared and paid a cash dividend of $207,000.
5.	Earned net income of $410,000.

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

KESSLER INC.

Partial Balance Sheet

December 31, 2014

MY QUESTION IS TO FILL IN THE "WHAT GOES HERE PORTION OF THE BALANCE SHEET)

STOCKHOLDERS EQUITY --------------------------------------- (what goes here) COMMON STOCK 710000 ADDITIONAL PAID IN CAPITAL PAID IN CAPITAL IN EXCESS OF PAR (WHAT IS THE NUMBER THAT GOES HERE) TOTAL PAID IN CAPITAL (WHAT IS THE NUMBER THAT GOES HERE) RETAINED EARNINGS 903000 TOTAL PAID IN CAPITAL & RETAINED EARNINGS (WHAT NUMBER GOES HERE) LESS: TREASURY STOCK 76000 TOTAL STOCKHOLDER EQUITY 3317000

Answer rating: 100% (QA)

Kessler Inc Partial Balance Sheet December 31 2014 Stockholders equity Commo... View the full answer