Question

These account balances at December 31 relate to SportaidSportaid?, ?Inc.: Accounts Payable . . . ....

These account balances at December 31 relate to SportaidSportaid?, ?Inc.:
Accounts Payable . . . . . . . . .
$51,600
Paid-in Capital in Excess
Accounts Receivable . . . . . . .
81,950
of Par—Common . . . . . . . . . .
$260,000
Common Stock . . . . . . . . . .
313,000
Preferred Stock, 10%, $100 Par . . . .
84,000
Treasury Stock . . . . . . . . . .
5,600
Retained Earnings . . . . . . . . . . . .
71,800
Bonds Payable . . . . . . . . . . .
3,100
Notes Receivable . . . . . . . . . . . . .
12,300
What is total? stockholders' equity for SportaidSportaid?, ?Inc.?
Business   Accounting   
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Answer #1

Stockholders' Equity

Paid in Capital:

     Preferred Stock, 10%, $100 Par

$84,000

     Common Stock

$313,000

      Paid-in Capital in Excess

$260,000

                   Total paid in capital

$657,000

Retained Earnings

$71,800

               Total Paid in Capital and retained earnings

$728,800

Less: Treasury Stock

$5,600

Total Stockholders' Equity

$723,200

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