Question

Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock, 510 shares, $11,220 Prepare the stockholders' equity section of the balance sheet. Pina Colada Corp. Balance Sheet (Partial)

Answer 1

Answer:

Requirement, as asked

Balance Sheet - Partial
at 31 December
Stockholder's equity
Paid in Capital
Capital Stock:
Common stock $ 10 par value, 5600 shares issued and shares, 5090 shares outstanding	$56,000
Additional paid in Capital:
Paid in Capital in excess of Par Value - Common Stock	$19,100
Total Paid in Capital	$75,100
Retained Earnings	$44,100
Total Paid in Capital & Retained earnings	$119,200
Less: Treasury Stock ( 510 shares)	$11,220
Total Stockholder's Equity	$107,980