The following stockholdersâ equity accounts, arranged alphabetically, are in the ledger of Marigold Corp. at December 31, 2017. Common Stock ($2 stated value) $1,840,000 Paid-in Capital in Excess of Par ValueâPreferred Stock 51,750 Paid-in Capital in Excess of Stated ValueâCommon Stock 1,207,500 Preferred Stock (6%, $100 par, noncumulative) 690,000 Retained Earnings 1,534,100 Treasury Stock (13,800 common shares) 82,800 Prepare the stockholdersâ equity section of the balance sheet at December 31, 2017.
The following stockholdersâ equity accounts, arranged alphabetically, are in the ledger of Marigold Corp. at December 31, 2017. Common Stock ($2 stated value) $1,840,000 Paid-in Capital in Excess of Par ValueâPreferred Stock 51,750 Paid-in Capital in Excess of Stated ValueâCommon Stock 1,207,500 Preferred Stock (6%, $100 par, noncumulative) 690,000 Retained Earnings 1,534,100 Treasury Stock (13,800 common shares) 82,800 Prepare the stockholdersâ equity section of the balance sheet at December 31, 2017.
Related questions
The following stockholdersâ equity accounts, arranged alphabetically, are in the ledger of Roder Corporation at December 31, 2014.
| Common Stock ($2 stated value) | $2,304,000 | |
| Paid-in Capital in Excess of Par ValueâPreferred Stock | 64,800 | |
| Paid-in Capital in Excess of Stated ValueâCommon Stock | 1,512,000 | |
| Preferred Stock (8%, $100 par, noncumulative) | 864,000 | |
| Retained Earnings | 1,920,960 | |
| Treasury Stock (17,280 common shares) | 103,680 |
Prepare the stockholdersâ equity section of the balance sheet at December 31, 2014.
Wells Fargo & Company, headquartered in San Francisco, is one of the nationâs largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017.
| Retained earnings | $41,200 | ||
| Preferred stock | 8,600 | ||
| Common stockâ$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares | 8,860 | ||
| Treasury stockâ67,346,829 common shares | (2,420 | ) | |
| Paid-in capital in excess of par valueâcommon stock | 53,200 | ||
| Accumulated Other Comprehensive Income | 8,260 |
Prepare the stockholdersâ equity section of the balance sheet for Wells Fargo as of December 31, 2017. (Enter account name only and do not provide descriptive information.)
