Exercise 11-9 The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Ayayai Corp. at December 31, 2017. Common Stock ($4 stated value) $3,040,000 85,500 Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock 1,995,000 Preferred Stock (5%, $100 par, noncumulative) 1,140,000 Retained Earnings 2,534,600 136,800 Treasury Stock (22,800 common shares) Prepare the stockholders’ equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) AYAYAI CORP Partial Balance Sheet Show transcribed image text Exercise 11-9 The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Ayayai Corp. at December 31, 2017. Common Stock ($4 stated value) $3,040,000 85,500 Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock 1,995,000 Preferred Stock (5%, $100 par, noncumulative) 1,140,000 Retained Earnings 2,534,600 136,800 Treasury Stock (22,800 common shares) Prepare the stockholders’ equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) AYAYAI CORP Partial Balance Sheet
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