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The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries amp; closing entries have…

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

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Type of Paper

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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.  

 

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