below 11173827 2

Below is a list of accounts and final balances for Quiet Company as of December 31, 2009.

Common Stock=$225,000

Long term notes Receivables=$85,000

Bonds Payable=$120,000

Discount on bonds payable=$45,000

Preferred Stock Subscribed=

Additional Paid in Capital Common Stock=$850,000

Additional Paid in Capital Preferred Stock=$20,000

Common Stock Subscribed=$120,000


Investments in Debt Securities=$45,000

Donated Capital=$63,000

Preferred Stock=$100,000

Dividends on Common Stock=$23,000

Dividends on Preferred Stock=$15,000

Treasury Stock=$50,000

Retained earnings=$200,000


  1. Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share
  2. Preferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.

Required: Prepare the statement of stockholders Equity in proper format in a Word document.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Looking for a Similar Assignment? Our Experts can help. Use the coupon code SAVE30 to get your first order at 30% off!

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp