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Seved E11-7 (Algo) Finding Amounts Missing from the Stockholders' Equity Section (LO 11-2, LO 11-4)...

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Accounting

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Seved E11-7 (Algo) Finding Amounts Missing from the Stockholders' Equity Section (LO 11-2, LO 11-4) The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 90,000 10,800 Contributed Capital Preferred stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,300 shares) Retained Earnin Treasury stock, 1,000 Preferred shares at cost Assume that no shares of treasury stock have been sold in the past. 492,900 23,000 (9,150) Required: Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) per share 1. The number of shares of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was 4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is per share

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