Question

The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal. Account Amount Common Stock, $5 par $160,000 Treasury Stock, at cost $10 per share 25,000 Dividends Payable 7,000 Paid in Capital in excess of par, Common Stock 30,000 Paid in Capital in excess of par, Preferred Stock 4,500 Retained Earnings 150,000 Bonds Payable 85,000 Preferred 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 Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Answer 1

	Balance Sheet (partial)
	December 31, 2016
Stockholders' Equity
Capital Stock:
Preferred Stock, $100 par, 5% cumulative, 5,000 shares authorized, 450 shares issued & outstanding	45000
Common Stock, $5 par, 50,000 shares authorized, 32,000 shares issued & 29,500 shares outstanding	160000	205000
Additional Paid in Capital:
Paid in Capital in Excess of Par - Preferred Stock	4500
Paid in Capital in Excess of Par - Common Stock	30000	34500
Total Paid in Capital		239500
Retained Earnings		150000
Less: Treasury Stock, 2,500 shares as cost		-25000
Total Stockholders' Equity		364500