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July 24, 2014

Homework Help: accounting

Posted by mayasa on Thursday, April 15, 2010 at 10:24am.

I just have a small question about how to calculate the shares of common stocks, no par having the information below, thanks.

The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010.

Common Stock ($5 stated value) $2,048,500
Paid-in Capital from Treasury Stock 13,310
Paid-in Capital in Excess of Stated Value-Common Stock 1,612,600
Paid-in Capital in Excess of Par Value-Preferred Stock 693,000
Preferred Stock (8%, $52 par, noncumulative) 837,720
Retained Earnings 1,752,400
Treasury Stock-Common (11,100 shares) 144,300

Instructions

Prepare a stockholders' equity section at December 31, 2010

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