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The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2014.

Common Stock ($5 stated value)                              $1,707,000

Paid-in Capital in Excess of Par—Preferred Stock                               277,300

Paid-in Capital in Excess of Stated Value—Common Stock                             870,900

Preferred Stock (8%, $102 par, noncumulative)                  510,000

Retained Earnings                            1,197,200

Treasury Stock (10,800 common shares)                                129,600

Prepare the stockholders’ equity section of the balance sheet at December 31, 2014. (Enter the account name only and do not provide the descriptive information provided in the question.)

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91975635

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