The following accounts are taken from the general ledger of XYZ Company Inc. on December 31,...

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The following accounts are taken from the general ledger of XYZ Company Inc. on December 31, 2018, before the books were closed: Treasury shares, 100 common shares $8,600 Common Shares Subscribed, 100 shares 9,000 Bond Payable, 4.5% 500,000 Common Share Dividends 30,000 Operating Expenses 90,000 Preferred Shares, no-par, $2, authorization 100,000, cumulative, 27,000 shares issued and outstanding 168,000 Common Share Subscriptions Receivable 3,000 Premium on Bonds Payable 6,000 Common Shares, no-par, authorization unlimited, 46,100 share issued, 1,350,000 46,000 shares outstanding Retained Earnings 653,000 AOCI losses 150,500 Contributed Capital on Common share retirement 18,900 Sales Revenue 800,000 *also called Reserves Required: Prepare, in good form, the Shareholders' Equity section of the balance sheet at December 31, 2018, after the books are closed. Include a three-line title. The following accounts are taken from the general ledger of XYZ Company Inc. on December 31, 2018, before the books were closed: Treasury shares, 100 common shares $8,600 Common Shares Subscribed, 100 shares 9,000 Bond Payable, 4.5% 500,000 Common Share Dividends 30,000 Operating Expenses 90,000 Preferred Shares, no-par, $2, authorization 100,000, cumulative, 27,000 shares issued and outstanding 168,000 Common Share Subscriptions Receivable 3,000 Premium on Bonds Payable 6,000 Common Shares, no-par, authorization unlimited, 46,100 share issued, 1,350,000 46,000 shares outstanding Retained Earnings 653,000 AOCI losses 150,500 Contributed Capital on Common share retirement 18,900 Sales Revenue 800,000 *also called Reserves Required: Prepare, in good form, the Shareholders' Equity section of the balance sheet at December 31, 2018, after the books are closed. Include a three-line title.

Answer rating: 100% (QA)

XYZ company Inc Share holders Equity Section For the year ended December 31 2018 Par... View the full answer