The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries amp; closing entries have…
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal.
Account
Amount
Common Stock, $5 par
$150,000
Treasury Stock, at cost $10 per share
20,000
Dividends Payable
5,000
Paid in Capital in excess of par, Common Stock
30,000
Paid in Capital in excess of par, Preferred Stock
3,500
Retained Earnings
140,000
Bonds Payable
75,000
Preferred Stock, $100 par, 5% cumulative
35,000
On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder’s Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.
