USA: +1 725-224-8795 
Sign in
Stockholders’ Equity Section
1. Prepare the stockholders’ equity section of the balance sheet.
After closing its books on December 31, Pro Parts’ stockholders’ equity accounts had the following balances:
| Common stock subscriptions receivable | $5,140 | |
| Common stock, $5 par, 11,900 shares | 59,500 | |
| Preferred stock, $10 par, 4%, 4,080 shares | 40,800 | |
| Common stock subscribed, $5 par, 5,200 shares | 26,000 | |
| Paid-in capital in excess of par-common stock | 4,270 | |
| Retained earnings | 37,380 |
Expert Answer
| PRO PARTS | ||
| Stockolder’s Equity | ||
| Paid up common stock | ||
| Common stock , $5 par | 59500 | |
| (fully paid , 11,500 shares) | ||
| Common stock, $5 par | 26000 | |
| (Subscribed , 5,200 shares) | ||
| Less: Subscription due | -5140 | 20860 |
| Paid-in-capital in excess, common stock | 4270 | |
| Total paid up common stock | 84630 | |
| 4% Preferred stock, $10 par | 40800 | |
| (4,080 shares paid up) | ||
| Retained earnings | 37380 | |
| Total Stockholders Equity | 162810 | |
