The following information has been provided by Meyers Company as of December 31, 2000: Unearned rent......................................................................................................$ 4,500
Question:
The following information has been provided by Meyers Company as of December 31, 2000:
Unearned rent......................................................................................................$ 4,500 Retained earnings
Retained earnings (unrestricted)........................................................................141,000
Common stock, $5 par.........................................................................................150,000
Premium on bonds payable..................................................................................1,800
Bonds payable .....................................................................................................28,000
Additional paid-in capital on common stock...................................................... 55,000
Treasury stock, at cost........................................................................................... 29,000
Retained earnings restricted for plant expansion............................................. 17,000
Sinking fund for bond retirement........................................................................ 31,250
Required:
Prepare the shareholders' equity section for the balance sheet for Meyers.
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver