After closing its books on December 31, 20--, Hilltop Corporation stockholders' equity accounts have the following balances. Complete the stockholders' equity section of the balance sheet. Paid-in capital in excess of par—preferred stock $ 45,000 Paid-in capital in excess of par—common stock 19,000 Paid-in capital from sale of treasury stock 32,000 Retained earnings 111,000 Hilltop Corporation Stockholders' Equity December 31, 20-- Paid-in capital: Preferred stock, 6%, $14 par (15,000 shares issued and outstanding) Preferred stock subscribed (6,000 shares) Common stock, $10 par (70,000 shares issued and 44,000 shares outstanding) Common stock subscribed (20,000 shares) Additional paid-in capital: Paid-in capital in excess of par—preferred stock Paid-in capital in excess of par—common stock Paid-in capital from sale of treasury stock Total paid-in capital Retained earnings Less: Treasury stock (5,000 shares; $14 cost per share) Total stockholders' equity
After closing its books on December 31, 20--, Hilltop Corporation stockholders' equity accounts have the following balances. Complete the stockholders' equity section of the balance sheet. Paid-in capital in excess of par—preferred stock $ 45,000 Paid-in capital in excess of par—common stock 19,000 Paid-in capital from sale of treasury stock 32,000 Retained earnings 111,000 Hilltop Corporation Stockholders' Equity December 31, 20-- Paid-in capital: Preferred stock, 6%, $14 par (15,000 shares issued and outstanding) Preferred stock subscribed (6,000 shares) Common stock, $10 par (70,000 shares issued and 44,000 shares outstanding) Common stock subscribed (20,000 shares) Additional paid-in capital: Paid-in capital in excess of par—preferred stock Paid-in capital in excess of par—common stock Paid-in capital from sale of treasury stock Total paid-in capital Retained earnings Less: Treasury stock (5,000 shares; $14 cost per share) Total stockholders' equity
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 1R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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After closing its books on December 31, 20--, Hilltop Corporation stockholders' equity accounts have the following balances. Complete the stockholders' equity section of the balance sheet.
Paid-in capital in excess of par— |
$ 45,000 |
Paid-in capital in excess of par—common stock |
19,000 |
Paid-in capital from sale of |
32,000 |
Retained earnings |
111,000 |
Hilltop Corporation |
||
Paid-in capital: | ||
Preferred stock, 6%, $14 par (15,000 shares issued and outstanding) |
||
Preferred stock subscribed (6,000 shares) | ||
Common stock, $10 par (70,000 shares issued and 44,000 shares outstanding) |
||
Common stock subscribed (20,000 shares) | ||
Additional paid-in capital: | ||
Paid-in capital in excess of par—preferred stock | ||
Paid-in capital in excess of par—common stock | ||
Paid-in capital from sale of treasury stock | ||
Total paid-in capital | ||
Retained earnings | ||
Less: Treasury stock (5,000 shares; $14 cost per share) | ||
Total stockholders' equity | ||
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