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(Solution) - The following stockholders equity accounts Freeze Corporation

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

Common Stock ($5 stated value) ............ $1,700,000
Paid-in Capital in Excess of Par Value-Preferred Stock ..... 280,000
Paid-in Capital in Excess of Stated Value-Common Stock ... 900,000
Preferred Stock (8%, $100 par, noncumulative) ......... 500,000
Retained Earnings .................. 1,134,000
Treasury Stock-Common (10,000 shares) ......... 120,000

Instructions
Prepare the stockholders? equity section of the balance sheet at December 31, 2010.

 







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