The following accounts appear in the ledger of Milroy Inc. after the books are closed at December 31, 2010.
Instructions
Prepare the stockholders' equity section at December 31, 2010, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

Question

The following accounts appear in the ledger of Milroy Inc. after the books are closed at December 31, 2010.  
Instructions
Prepare the stockholders' equity section at December 31, 2010, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

Quizplus · Accepted Answer

The Answer of The following accounts appear in the ledger of Milroy Inc. after the books are closed at December 31, 2010.  
Instructions
Prepare the stockholders' equity section at December 31, 2010, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

The Following Accounts Appear in the Ledger of Milroy Inc