Question Details

stockholders' equity section at December 31, 2013


The following accounts appear in the ledger of Fall Inc. after the books are closed at December 31, 2013.

	Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares
	  issued	$400,000
	Common Stock Dividends Distributable	60,000
	Paid-in Capital in Excess of Par—Common Stock	650,000
	Preferred Stock, $100 par value, 6%, 10,000 shares authorized; 2,000 shares 
	  issued 	200,000
	Retained Earnings 	920,000
	Treasury Stock (10,000 common shares) 	85,000
	Paid-in Capital in Excess of Par—Preferred Stock 	310,000

Instructions
Prepare the stockholders' equity section at December 31, 2013, assuming that retained earnings is restricted for plant expansion in the amount of $200,000.




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