Excel 1 Chapter 11 PDF

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Name: Javier Ramos Nicolás Date: 11/17/15 Instructor: Jordi Morrós Course: A6 Financial Accounting, Sixth Edition by Kimmel, Weygandt, and Kieso Primer on Using Excel in Accounting by Rex A Schildhouse P11-5B, Prepare a stockholders’ equity section. The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Charlotte Corporation at December 31, 2012. Common Stock, $2,00 stated value, ######### shares authorized Paid-in Capital in Excess of Par Value—Preferred Stock Paid-in Capital in Excess of Stated Value—Common Stock Preferred Stock, $50,00 par, noncumulative, 50.000 8% ,

$2.600.000 158.000

shares authorized Retained Earnings Treasury Stock—Common,

900.000 1.958.000 (

20.000

shares)

1.950.000

80.000

Instructions: Prepare the stockholders’ equity section of the balance sheet at December 31, 2012. CHARLOTTE CORPORATION Partial Balance Sheet December 31, 2012 Stockholders’ equity Paid-in capital Capital stock % preferred stock, $50 par value, non-cumulative, 50000 shares authorized.

$900.000

Common Stock, no par, $2 stated value, 1800000 shares autorized 2.600.000 Total capital Stock Additional paid-in capital In excess of par value- preferred stock In excess of stated value- common stock Total additional paid in capital Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock- common (20000 shares) Title

$3.500.000 158.000 1.950.000 2.108.000 5.608.000 1.958.000 7.566.000 -80.000 $7.486.000...