From the Following Alphabetical List of Selected Accounts Taken from the General

question 159

Essay

From the following alphabetical list of selected accounts taken from the general ledger of Dorlin Corporation as of December 31,2014,select the accounts that are part of shareholders' equity.Then prepare the shareholders' equity section of the balance sheet on December 31,2014.
$$\begin{array} { l l } \text { Accounts receivable } & 50,000 \\\text { Cash dividends payable } & 20,000 \\\text { Common shares, 20,000 shares outstanding } & 550,000 \\\text { Inventory } & 75,000 \\\text { Note payable } & 25,000 \\\text { Notes receivable } & 20,000\end{array}$$ Preferred shares,$10 cumulative,
1,000 shares outstanding $\quad$$\quad$ 250,000
Retained earnings $\quad$$\quad$$\quad$$\quad$ 250,000
Unearned revenue $\quad$$\quad$$\quad$$\quad$ 15,000

---

Definitions:

Santa Costanza

An ancient church in Rome, Italy, known for its early Christian architecture and mosaics, architecturally significant as an example of a central plan structure.

Mausoleum of Galla Placidia

A renowned early Christian monument in Ravenna, Italy, known for its stunning mosaics, built in the 5th century as the final resting place for Galla Placidia.

Pantheon

An ancient Roman building known for its large dome and as a temple to all the gods of ancient Rome.

Tomb of the Julii

An ancient Roman mausoleum located north of St. Peter’s Basilica, known for its elaborate Christian mosaics.