Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Paid-In Stock Capital in Excess of Par Treasury Retained $40 Par Stock Earnings Total Balance, Jan. 1, 20Y9 4,800,000 v $ 960,000 V 11,375,000 17,135,000 Issued 30,000 shares of Common Stock 1,200,000 300,000 V 1,500,000 Purchased 12,000 shares as Treasury Stock -480,000 x -552,000 Net Income 3,780,000 3,780,000 Dividends -276,000 v -276,000 6,000,000 v 1,260,000 -552,000 v 14,879,000 V Balance, Dec. 31, 20Y9 21,587,000 Feedback
Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Paid-In Stock Capital in Excess of Par Treasury Retained $40 Par Stock Earnings Total Balance, Jan. 1, 20Y9 4,800,000 v $ 960,000 V 11,375,000 17,135,000 Issued 30,000 shares of Common Stock 1,200,000 300,000 V 1,500,000 Purchased 12,000 shares as Treasury Stock -480,000 x -552,000 Net Income 3,780,000 3,780,000 Dividends -276,000 v -276,000 6,000,000 v 1,260,000 -552,000 v 14,879,000 V Balance, Dec. 31, 20Y9 21,587,000 Feedback
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 22E
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