On December 31, 2017, the credit balances of the Common Stock and Retained Earnings accounts were $30,000

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On December 31, 2017, the credit balances of the Common Stock and Retained Earnings accounts were $30,000 and $18,000, respectively, for Architect Services Company. Its stock issuances for 2018 totaled $6,000, and it paid $9,700 cash toward dividends in 2018. For the year ended December 31, 2018, the company had net income of $29,900. Prepare a 2018 statement of stockholders' equity for Architect Services.

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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