Webber Company has provided you with the following information concerning its shareholders’ equity:

• Common stock, $1 par value, 1,000,000 shares authorized, 650,000 shares issued, 600,000 shares outstanding. The average additional paid-in capital was $30 per share when the shares were issued.

Don't use plagiarized sources. Get Your Custom Essay on
Just from $13/Page
Order Essay

• Preferred stock, $100 par value, 500,000 shares authorized, 350,000 shares issued and outstanding. There is no additional paid-in capital on preferred shares. The preferred stock pays a 6 percent dividend and is cumulative.

• The beginning balance of retained earnings was $1,455,000. Dividends were declared during the year. The common stock dividend was $1.50 per share. The net income for the period was $5,980,500. Treasury stock was purchased during the year for $20 per share.

Prepare the shareholders’ equity section of the balance sheet for Webber.

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.