Accounts Payable $31,000 Mortage Payable $100,000 Bonds Payable 185,000 Treasury stock 17,000 Additional Paid in Capital...
Accounts Payable $31,000
Mortage Payable $100,000
Bonds Payable 185,000
Treasury stock 17,000
Additional Paid in Capital 70,000
Investment in unconsolidated subsidiary 120,000
Accounts Receivable 57,000
Trading Securities 40,000
Cash 25,000
Unearned Service Revenue 2,000
Patents 50,000
Bond sinking funds 8,000
Inventory 69,000
Land 670,000
Long-term Notes Receivable 80,000
Prepaid Rent 1,000
Common Stock 250,000
Retained Earnings 138,000
The mortgage will be paid in 4 equal installments with the first installment due Nov. 1, 2021.
**$50,000 of the retained earnings are appropriated for future plant expansion.
What is the amount of TOTAL STOCKHOLDERS EQUITY?
Homework Answers
| Stockholders Equity Section | |
| Common stock | 250,000 |
| Additional paid in capital | 70,000 |
| Total paid in capital | $320,000 |
| Retained earnings | 88,000 |
| Total paid in capital and retained earnings | $408,000 |
| Treasury stock | -17,000 |
| Total stockholders equity | $391,000 |
Out of retained earnings of $138,000, $50,000 of retained earnings are appreciated for future plant expansion. Hence, retained earnings available for common stockholders is $88,000 (138,000-50,000).
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Accounts Payable $31,000
Mortage Payable $100,000
Bonds Payable 185,000
Treasury stock 17,000
Additional Paid in Capital...
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Niew Policies Current Attempt in Progress The following accounts appeared on the trail balance of Sunland...
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