Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,500,000 Apr. 14 Issued 17,400 shares 696,000 Dec. 31 Balance 2,196,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 240,000 Apr. 14 Issued 17,400 shares 139,200 Dec. 31 Balance 379,200 TREASURY STOCK Aug. 7 Purchased 2,900 shares 107,300 RETAINED EARNINGS Mar. 31 Dividend 38,000 Jan. 1 Balance 2,610,000 June. 30 Dividend 38,000 Dec. 31 Closing Sept. 30 Dividend 38,000 (Net income) 392,000 Dec. 31 Dividend 38,000 Dec. 31 Balance 2,850,000 Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box 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 Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 $ $ $ $ $ Issued 17,400 shares of Common Stock Purchased 2,900 shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9 $ $ $ $ $

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.23E

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Statement of Stockholders' Equity

The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.


Jan. 1	Balance	1,500,000
Apr. 14	Issued
	17,400 shares	696,000
Dec. 31	Balance	2,196,000


Jan. 1	Balance	240,000
Apr. 14	Issued
	17,400 shares	139,200
Dec. 31	Balance	379,200

TREASURY STOCK
Aug. 7	Purchased
	2,900 shares	107,300

RETAINED EARNINGS
Mar. 31	Dividend	38,000	Jan. 1	Balance	2,610,000
June. 30	Dividend	38,000	Dec. 31	Closing
Sept. 30	Dividend	38,000		(Net income)	392,000
Dec. 31	Dividend	38,000	Dec. 31	Balance	2,850,000

Prepare a statement of stockholders’ equity for the year ended December 31, 20Y9.

If an amount is zero or an entry is not required, leave the box 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 Stock $40 Par	Paid-In Capital in Excess of Par	Treasury Stock	Retained Earnings	Total
Balance, Jan. 1, 20Y9	$	$	$	$	$
Issued 17,400 shares of Common Stock
Purchased 2,900 shares as Treasury Stock
Net Income
Dividends
Balance, Dec. 31, 20Y9	$	$	$	$	$

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