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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 |
|
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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