From the following partial mixed list select the appropriate

From the following partial mixed list, select the appropriate titles and prepare a stockholders’ equity section using the source-of-capital approach as shown in the Blueprint example for Ununoctium Corporation on July 31, 201X.

Office Equipment

$110,000

Land

215,000

Paid-In Capital in Excess of Par Value-Preferred Stock

85,000

Building

70,000

Accounts Receivable

135,000

Notes Receivable

38,000

Organization Costs

10,500

Common Stock, $8 par value (60,000 shares issued and outstanding; 85,000 shares authorized)

81,000

Retained Earnings

200,000

Subscriptions Receivable-Common Stock

81,000

Patents

12,000

Preferred 17% Stock, $49 par value (6000 shared issued; 8,500 shared authorized)

294,000

Common Stock Subscribed at Par

240,000

Paid-In Capital in Excess of Par Value-Common Stock

17,000

Solution

stockholders’ equity

July 31, 201X

Note:- Subscriptions Receivable-Common Stock is part of current assets