Question

Partial Balance Sheet: 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	145,000
Treasury Stock, at cost $10 per share	20,000
Dividends Payable	7,000
Paid in Capital in excess of par, Common Stock	30,000
Paid in Capital in excess of par, Preferred Stock	5,000
Retained Earnings	156,000
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.

Alpha Dog Company
Balance Sheet (partial)
December 31, 2016
Stockholders' Equity
Capital Stock:
Preferred Stock, $100 par, 5% cumulative, 5,000 shares authorized, 450 shares issued & outstanding	$45,000
Common Stock, $5 par, 50,000 shares authorized, 29,000 shares issued & _____ shares outstanding	145,000
Additional Paid in Capital:
Paid in Capital in Excess of Par - Preferred Stock	$4,500
Paid in Capital in Excess of Par - Common Stock
Total Paid in Capital
Retained Earnings
Less: Treasury Stock, 2,500 shares as cost		( )
Total Stockholders' Equity

Answer 1

Stockholder's equity:
Capital Stock:
Preferred Stock, $ 100 par 5% cumulative 5000 shares authorized, 450 shares oustanding							45000
Common Stock $5 par, 50000 shares authorized, 29000 shares oustanding							145000
Additional Paid in capital:
Paid in capital in excess of Par-Preferred							5000
Paid in capital in excess of Par-Common							30000
Total Paid in capital							225000
Retained earnings							156000
Less: Treasury stock 2000 shares							-20000
Stockholder's equity							361000