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Question 5
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of
Eudaley Corporation at December 31, 2014.
Prepare the stockholders’ equity section of the balance sheet at December 31, 2014. (Enter the
account name only and do not provide the descriptive information provided in the
question.)Common Stock ($5 stated value)$1,693,500Paid-in Capital in Excess of
Par—Preferred Stock283,200Paid-in Capital in Excess of Stated Value—Common
Stock892,800Preferred Stock (8%, $103 par, noncumulative)473,800Retained
Earnings1,113,700Treasury Stock (11,500 common shares)138,000
Solution
Stockholders’ equity section of the balance sheet at December 31, 2014Account NameAmount in
$Retained Earnings1,113,700Common Stock1,693,500Paid-in Capital in Excess of Stated
Value—Common Stock892,800Paid-in Capital in Excess of Par—Preferred
Stock283,200Preferred Stock473,800Treasury Stock-138,000Total Stockholder's
equity4,319,000

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  • 1. Question 5 The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2014. Prepare the stockholders’ equity section of the balance sheet at December 31, 2014. (Enter the account name only and do not provide the descriptive information provided in the question.)Common Stock ($5 stated value)$1,693,500Paid-in Capital in Excess of Par—Preferred Stock283,200Paid-in Capital in Excess of Stated Value—Common Stock892,800Preferred Stock (8%, $103 par, noncumulative)473,800Retained Earnings1,113,700Treasury Stock (11,500 common shares)138,000 Solution Stockholders’ equity section of the balance sheet at December 31, 2014Account NameAmount in $Retained Earnings1,113,700Common Stock1,693,500Paid-in Capital in Excess of Stated Value—Common Stock892,800Paid-in Capital in Excess of Par—Preferred Stock283,200Preferred Stock473,800Treasury Stock-138,000Total Stockholder's equity4,319,000