I'm having trouble figuring out how to put this on a balance sheet. 1,000 shares of $100 par, 7 % cumulative, non participating preferred stock and 10,000 shares of $5 par common stock.

Two accounts should be placed in the equity section of the balance sheet as follows:

Common stock 50,000
Preferred stock 100,000

Quote:

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Originally Posted by hamzashakaa

Two accounts should be placed in the equity section of the balance sheet as follows:

Common stock 50,000
Preferred stock 100,000

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I think you have missed a few important disclosures:

1. Authorized capital for each category
2. Issued capital for each category
3. Full description. e.g...
10,000 common stock $5 par ----------- $50,000
1,000 7% cumulative non participating stock $100 par ---- $100,000