Brief Exercise 118 Partially correct answer Your answer is p

Brief Exercise 11-8 Partially correct answer. Your answer is partially correct. Try again. Bramble Corp. has these accounts at December 31: Common Stock, $12 par, 6,900 shares issued, $82,800; Paid-in Capital in Excess of Par Value $20,400; Retained Earnings $45,400; and Treasury Stock, 640 shares, $14,080. Prepare the stockholders’ equity section of the balance sheet. Bramble Corp. Balance Sheet (Partial) December 31 Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer $Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer: Entry field with correct answer Treasury Stock Entry field with incorrect answer Entry field with correct answer $Entry field with incorrect answer Click if you would like to Show Work for this question: Open Show Work

Solution

Ans. Bramble Incorporation Balance Sheet (Partial) For the Month December, 31 Stockholders\' Equity:       Paid-in Capital       Common Stock, $12 par value , 6,900 issued and outstanding            82,800       Paid-in Capital in excess of par            20,400 Retained Earnings            45,400             Total paid-in capital and retained earnings          148,600 Less: Treasury Stock 640 shares          (14,080) Total stockholders\' equity          134,520