Using the following information, compute: (a) Total contributed capital, (b) Ending retained earnings, and (c) Total stockholders

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Using the following information, compute:
(a) Total contributed capital,
(b) Ending retained earnings, and
(c) Total stockholders’ equity:
Additional Paid-In Capital, Common . . . . . . . . . . . . . . . . . . $8,200
Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,300
Total Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,650
Preferred Stock, at par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,450
Common Stock, at par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,700
Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 375
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 950
Retained Earnings (beginning) . . . . . . . . . . . . . . . . . . . . . . 6,500
Additional Paid-In Capital, Preferred . . . . . . . . . . . . . . . . . 150

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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