Question - The following are selected accounts for the Alpha Dog company after all fiscal year December 31,2016. Adjustung entries &closing entries have been posted. All balances are normal.
Account Amount
Common Stock, 5 Per $140,000
Treasury Stock, at cost $10 per share $25,000
Dividens Payable 7,0000
Paid in Capital in excess of par, Common Stock 30,000
Paid in Capital in excess of par, Prefered Stock 4,500
Retained Earnings 150,000
Bonds Payable $5,000
Prefered Stock, $100 par, 5% cumulative 45,000
On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholders's Equity section of the Classified Balance Sheet for the year end. Be sure to use a goo format, dollar signs and single underlines were required.