The following are several of Graf Corporation s accounts

at the #2420
The following are several of Graf Corporation’s accounts at the end of 2016:Account Credit
BalanceCommon Stock, $10 par............. $ 47,100Bonds Payable (due 2017)............
126,000Additional Paid-in Capital on Preferred Stock..... 39,600Retained Earnings................
209,000Premium on Bonds Payable........... 12,300Unearned Rent................ 4,800Preferred
Stock, $100 par............ 65,400Additional Paid-in Capital on Common Stock.... 53,900Unfunded
Accrued Pension Cost......... 18,400Treasury Stock (cost) ............... (7,600) debitAccumulated
Other Comprehensive Income...... 8,200Required:Prepare the shareholders’ equity section of
Graf’s 2016 ending balance sheet.View Solution:
The following are several of Graf Corporation s accounts at the

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