Assignment Detail

Assignment ID: FG132421328

Problem: 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 $150,000

Treasury Stock, at cost $10 per share 20,000

Dividends Payable 5,000

Paid in Capital in excess of par, Common Stock 30,000

Paid in Capital in excess of par, Preferred Stock 3,500

Retained Earnings 140,000

Bonds Payable 75,000

Preferred Stock, $100 par, 5% cumulative 35,000

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.