60.1K
Verified Solution
Link Copied!
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Flint Corporation at December 31, 2022.
Common Stock ($2 stated value) | | $2,800,000 |
Paid-in Capital in Excess of Par ValuePreferred Stock | | 78,750 |
Paid-in Capital in Excess of Stated ValueCommon Stock | | 1,837,500 |
Preferred Stock (6%, $100 par, noncumulative) | | 1,050,000 |
Retained Earnings | | 2,334,500 |
Treasury Stock (21,000 common shares) | | 126,000 |
Prepare the stockholders equity section of the balance sheet at December 31, 2022.
Answer & Explanation
Solved by verified expert