The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Blue Spruce Corp. at December 31, 2017. Common Stock ($2 stated value) $3,120,000
Paid-in Capital in Excess of Par Value—Preferred Stock 87,750
Paid-in Capital in Excess of Stated Value—Common Stock 2,047,500
Preferred Stock (6%, $100 par, noncumulative) 1,170,000
Retained Earnings 2,601,300
Treasury Stock (23,400 common shares) 140,400
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.

Stockholders’ equity section of the balance sheet at December 31, 2017.

Common Stock :

Common Stock ($2 stated value)                                            $3,120,000

Paid-in Capital in Excess of Stated Value                              $2,047,500

Preferred Stock :

Preferred Stock (6%, $100 par, noncumulative)                     $1,170,000

Paid-in Capital in Excess of Par Value—Preferred Stock          $87,750

Treasury Stock :

Treasury Stock (23,400 common shares)                                $140,400

Retained Earnings                                                                  $2,601,300

Total                                                                                        $9,166,950

Explanation:

The Stockholders’ equity section of the balance sheet at December 31, 2017 has been prepared above for Blue Spruce Corp.

its kinda hard to answer this when we dont have all the information that we need.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know