Prepare the Statement of Stockholders Equity Section
Below is a list of accounts and final balances for Quiet Company as of December 31, 2009.
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Common Stock = $225,000
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Long term notes Receivables = $85,000
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Bonds Payable = $ 120,000
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Discount on bonds payable = $45,000
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Preferred Stock Subscribed = $60,000
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Additional Paid in Capital Common Stock = $850,000
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Additional Paid in Capital Preferred Stock = $20,000
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Common Stock Subscribed = $120,000
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Goodwill = $38,000
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Investments in Debt Securities = $45,000
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Donated Capital = $63,000
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Preferred Stock = $100,000
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Dividends on Common Stock = $23,000
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Dividends on Preferred Stock = $15,000
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Treasury Stock = $50,000
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Retained earnings = $200,000
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Dividends on Common Stock=$23,000 Dividends on Preferred Stock=$15,000 Treasury Stock=$50,000 Retained earnings=$200,000
1. Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share.
2. Preferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.