Prepare Dex Corporation trial balance of 2009 December 31, which  contains the following selected balances:

Notes payable (17%, due 2011 May 1)	$4,000,000
Allowance for uncollectible accounts	60,000
Common stock (without par value, $20 stated value; 300,000 shares authorized, issued, and outstanding)	6,000,000
Retained earnings, unappropriated	500,000
Dividends payable (in cash, declared December 15 on preferred stock)	14,000
Appropriation for pending litigation	600,000
Preferred stock (6%, $200 par value; 3,000 shares authorized, issued, and outstanding)	600,000
Paid-In Capital-Donations	400,000
Paid-In Capital in Excess of Par Value-Preferred	10,000

Present the stockholders' equity section of the balance sheet as of 2009 December 31.

Trial balance:

Trial balance is part of the bookkeeping cycle that helps the preparation of accounts and ledgers more easily. It has both the debit and credit sides on it and is prepared periodically by the company.

 

Answer rating: 100% (QA)

Common Stock Amount6000000 Represents the par value of the issued common stock PaidIn Capital in Exc... View the full answer