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Complete Shareholders' Equity Section-Account Balances Given Complete the Shareholders' Equity Section Using the Data Provided Above

Question 135

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Complete shareholders' equity section-account balances given. Please reword.
Shown below are selected account balances from the accounting records of Hyde Corporation at December 31, 2010:
Share premium: ordinary shares $600,000 Retained earnings$1,3500,000Organization costs $25,700 9% Preference Share, $100 par, 6,000 shares authorized and issued$600,000 Dividends Payable $300,000Notes Payable $570,000 Income Taxes Payable$86,000Ordinary Shares, $5 par 100,000 shares authorized $300,000\begin{array}{llr} \text {Share premium: ordinary shares } &\$600,000\\ \text { Retained earnings} &\$1,3500,000\\ \text {Organization costs } &\$25,700\\ \text { \( 9 \% \) Preference Share, \( \$ 100 \) par, 6,000 shares authorized and issued} &\$600,000\\ \text { Dividends Payable } &\$300,000\\ \text {Notes Payable } &\$570,000\\ \text { Income Taxes Payable} &\$86,000\\ \text {Ordinary Shares, \$5 par 100,000 shares authorized } &\$300,000\\ \end{array}
Complete the shareholders' equity section using the data provided above:
 Complete shareholders' equity section-account balances given. Please reword. Shown below are selected account balances from the accounting records of Hyde Corporation at December 31, 2010:   \begin{array}{llr}   \text {Share premium: ordinary shares  } &\$600,000\\  \text {  Retained earnings} &\$1,3500,000\\  \text {Organization costs  } &\$25,700\\  \text {   9 \%  Preference Share,  <span class=$100 \$ 100 par, 6,000 shares authorized and issued} &\$600,000\\ \text { Dividends Payable } &\$300,000\\ \text {Notes Payable } &\$570,000\\ \text { Income Taxes Payable} &\$86,000\\ \text {Ordinary Shares, \$5 par 100,000 shares authorized } &\$300,000\\ \end{array} Complete the shareholders' equity section using the data provided above: " class="answers-bank-image d-block" rel="preload" >

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