Stockholders’ Equity Section 1. Prepare the stockholders’ equity section of the balance sheet for Jackson for the year ended December 31, 20–. After closing its books on December 31, 20–, Jackson Corporation’s stockholders’ equity accounts had the following balances:
| Account |
Balance |
Additional Information |
| Preferred Stock Subscriptions Receivable |
|
|
| Common Stock Subscriptions Receivable |
|
10,550 |
|
| Preferred Stock Subscribed |
52,250 |
$4 dividend, $5 par, 10,450 shares |
|
|
30,000 |
$10 par, 3,000 shares |
|
|
153,250 |
$4 dividend, $5 par, 30,650 Shares |
|
|
|
$10 par, 24,000 shares |
| Paid-In Capital in Excess of Par-Preferred Stock |
10,000 |
|
| Paid-In Capital from Sale of Treasury Stock |
1,160 |
|
|
|
9,200 |
|
|
|
73,450 |
|
1. Prepare the stockholders’ equity section of the balance sheet for Jackson for the year ended December 31, 20–.
| Jackson Corporation |
| Stockholders’ Equity |
| December 31, 20– |
| Paid-in capital: |
|
|
|
$ |
|
|
|
$ |
|
$ |
|
|
|
|
| Additional paid-in capital: |
|
|
|
$ |
|
|
|
|
| Total paid-in capital |
|
$ |
|
|
|
|
|
$ |
|
$ |
|
|
|
|
|
|
|
| Total stockholders’ equity |
|
$ |
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