If a corporation is authorized to issue 10,000 shares of $100 par, preferred 9% stock and 500,000 shares of $5 par common stock, I need help with the following
Preparing the statement of stockholders equity
If during the period the corp issued 500 shares of 9% preferred stock at par and 25,000 shares of common stock at $9 what is the beginning balance of preferred stock and common stock?

1) Preferred Stock = 500 @ $100 = $50,000.

2) Common Stock = 25,000 @ $5 = $ 125,000.

Also in the Equity Section you would have.

3) Premium on Issue = 25,000 @ $ 4 = $100,000.