Prepare a trial balance from the following information for Alpha Systems, Inc. for December 31, 2012.
Definitions:
Market Value
The prevailing market rate at which a service or asset is available for purchase or sale.
Par Value Common Stock
The nominal or face value assigned to common stock shares in the corporate charter, which may differ significantly from the market value.
Paid-in Capital
The amount of money that a company receives from selling its shares directly to investors, not including the stock value on secondary markets.
Par Preferred Stock
A type of preferred stock with a nominal face value, which determines dividend payments and is prioritized over common stock in the event of liquidation.
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