Exercise 11-8 Wells Fargo & Company headquartered in San Francisco is one of the nations
E11-8 Wells Fargo & Company
Financial Accounting
Managerial Accounting: Weygandt, Kimmel, Kieso
Exercise 11-8 Wells Fargo & Company headquartered in San Francisco is one of the nations largest financial institutions. It reported the following selected accounts (in millions) as of December 31, 2004
Retained earnings $27143
Preferred Stock $ 270
Common Stock--$1 2/3par value, authorized 6,000,000,000
Shares; issued 1,736,381,025 $ 2894
Treasury stock –41,789,388 shares (2,247)
Additional paid in capital -- common stock 9806
INSTRUCTIONS
Prepare the Stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2004
SOLUTION