ACCT 101 Midterm: Chapter 11 Practice
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29 Aug 2016
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The following stockholders’ 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 Value—Preferred Stock | 64,800 | |
Paid-in Capital in Excess of Stated Value—Common 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 stockholders’ equity section of the balance sheet at December 31, 2014.