The following stockholders’ equity accounts arranged alphabetically are in the ledger of Jenkins Corporation at December 31, 2010.Common Stock ($10 stated value) ………… $1,200,000Paid-in Capital from Treasury Stock ………….. 6,000Paid-in Capital in Excess of Stated Value—Common Stock … 690,000Paid-in Capital in Excess of Par Value—Preferred Stock ….. 288,400Preferred Stock (8%, $100 par, noncumulative) …….. 300,000Retained Earnings ………………… 826,000Treasury Stock—Common (8,000 shares) ………… 88,000InstructionsPrepare a stockholders’ equity section at December 31, 2010.View Solution:
The following stockholders equity accounts Jenkins Corporation



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