The following accounts appear in the ledger of Fall Inc. after the books are closed at December 31, 2018.
Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares
Instructions
Prepare the stockholders' equity section at December 31, 2018, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

Question

The following accounts appear in the ledger of Fall Inc. after the books are closed at December 31, 2018.
Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares  
Instructions
Prepare the stockholders' equity section at December 31, 2018, 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 Fall Inc. after the books are closed at December 31, 2018.
Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares  
Instructions
Prepare the stockholders' equity section at December 31, 2018, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.

The Following Accounts Appear in the Ledger of Fall Inc