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torisob [31]
3 years ago
11

Bramble Corp. has the following accounts at December 31: Common Stock, $11 par, 5,450 shares issued, $59,950; Paid-in Capital in

Excess of Par—Common Stock $33,400; Retained Earnings $47,000; and Treasury Stock, 550 shares, $12,650. Prepare the stockholders’ equity section of the balance sheet
Business
1 answer:
bonufazy [111]3 years ago
6 0

Answer:

$127,700

Explanation:

Bramble Corp stockholders’ equity section of the balance sheet

Stockholders’ equity

Paid-in Capital

Capital Stock

Common Stock 59,950

Additional Paid-in Stock

Paid-in Capital in Excess of Par Common Stock 33,400

Total paid in Capital 93,350

Retained Earnings 47,000

Total paid in Capital and Retained Earnings 140,350

(93,350+47,000)

LessTreasury Stock 12,650

Total Stockholders’ equity 127,700

(140,350-12,650)

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