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Below is a list of accounts and final balances for Quiet Company as of December 31, 2009.

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Question;Below is a list of accounts and final balances for Quiet Company as of December 31, 2009.Common Stock=$225,000Long term notes Receivables=$85,000Bonds Payable=$120,000Discount on bonds payable=$45,000Preferred Stock Subscribed=$60,000Additional Paid in Capital Common Stock=$850,000Additional Paid in Capital Preferred Stock=$20,000Common Stock Subscribed=$120,000Goodwill=$38,000Investments in Debt Securities=$45,000Donated Capital=$63,000Preferred Stock=$100,000Dividends on Common Stock=$23,000Dividends on Preferred Stock=$15,000Treasury Stock=$50,000Retained earnings=$200,000Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a sharePreferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.

 

Paper#44994 | Written in 18-Jul-2015

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