The accounts from the stockholders' equity section of the balance sheet of Western Company showed the following at December 31, 2010:

Western issued 475,000 shares of the $1 par value common stock on January 1, 2010.
The company also is authorized to issue 500,000 shares of $5 par value, 6% preferred stock.
During 2011, Western had the following transactions:

Prepare a statement of changes in stockholders' equity for 2011 using the information given above.

Question

The accounts from the stockholders' equity section of the balance sheet of Western Company showed the following at December 31, 2010:
  
Western issued 475,000 shares of the $1 par value common stock on January 1, 2010.
The company also is authorized to issue 500,000 shares of $5 par value, 6% preferred stock.
During 2011, Western had the following transactions:
  
Prepare a statement of changes in stockholders' equity for 2011 using the information given above.

Quizplus · Accepted Answer

The Answer of The accounts from the stockholders' equity section of the balance sheet of Western Company showed the following at December 31, 2010:
  
Western issued 475,000 shares of the $1 par value common stock on January 1, 2010.
The company also is authorized to issue 500,000 shares of $5 par value, 6% preferred stock.
During 2011, Western had the following transactions:
  
Prepare a statement of changes in stockholders' equity for 2011 using the information given above.

The Accounts from the Stockholders' Equity Section of the Balance