The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 201
The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal. AccountAmountCommon Stock, $5 par$150,000Treasury Stock, at cost $10 per share20,000Dividends Payable5,000Paid in Capital in excess of par, Common Stock30,000Paid in Capital in excess of par, Preferred Stock3,500Retained Earnings140,000Bonds Payable75,000Preferred Stock, $100 par, 5% cumulative35,000On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder’s Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.
