Question: Question Content Area Prepare the Stockholders' Equity Section Wildcat Drilling has the following accounts on its trial balance. Debit Credit Retained earnings 1,500,000 Cash 125,000

Question Content Area

Prepare the Stockholders' Equity Section

Wildcat Drilling has the following accounts on its trial balance.

Debit Credit
Retained earnings 1,500,000
Cash 125,000
Additional Paid-in CapitalCommon 10,000,000
Additional Paid-in CapitalPreferred 2,000,000
Accounts payable 75,000
Accounts receivable 150,000
Common stock, $2 par 800,000
Preferred stock, $10 par 600,000
Inventory 500,000
Treasury stockcommon (40,000 shares) 250,000
Accumulated other comprehensive income 51,200

Required:

Prepare the stockholders' equity portion of Wildcat's balance sheet.

Wildcat Drilling Balance Sheet (Partial) December 31
Stockholders' equity:

Accounts payableAccumulated other comprehensive incomeCashPreferred stock, $10 parRetained earnings

$

Accounts receivableCashCommon stock, $2 parRetained earningsTreasury stock

Additional paid-in capital:

Accounts payableAccumulated other comprehensive incomeCashPreferred stockTreasury stock

$

Accounts receivableAccumulated other comprehensive incomeCommon stockPreferred stock, $10 parRetained earnings

blank
Total additional paid-in capital blank fill in the blank 9
Total capital stock $fill in the blank 10

Accounts payableCommon stockPreferred stockRetained earningsTreasury stock

Accounts payableAccumulated other comprehensive incomeCommon stock, $2 parPreferred stock, $10 parTreasury stock

Accounts receivableAccumulated other comprehensive incomeCommon stock, $2 parRetained earningsTreasury stock

Total stockholders' equity $fill in the blank 17

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