WileyPLUS C O Not Secure edugenwileypluscomedugentimainun

] WileyPLUS - ·C O Not Secure | edugen.wileyplus.com/edugen/ti/main.uni Return to Blackboard WileyPLUS anatc Accounting Principles, 12e PRINTER VERSION BACH Problem 14-5A Chapter 14 On January 1, 2017, Shellenburger Inc. had the following stockholders\' equity account balances Problem 14-1A Common Stock, no par value (540,000 shares issued) Common Stack Dividends Distributable Retained Earnings $2,700,000 167,S00 647,500 Ouring 2017, the following tronsactions and events oocurred. Issued 81,000 shares of common stock as a result of a 15% stock dividend dedared on December 15, 2016 1 2. Issued 27,900 shares of common stock for cash at $6 per share. 3. Corrected an error that had understated the net income for 2015 by $68,050. 4. Declared and paid cash dividend of $84,400. S. Earned net income of $329,000 Prepare the stockholders\' equity sect on of the balance sheet at December 31, 2017, (Enter account name only nd do not provide descriptive ER INC. Partial Balance Sheet LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER

Solution

Partial equity section of the balance sheet :

Stockholder\'s equity
Contributed capital
Share capital
Common stock	3034900
Retained earnings	824050
Total stockholder\'s equity	3858950