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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $630 were declared at the end of the year, and 660 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,640 in cash (for a total at the end of the year of 840 shares). These effects are included below: 10 Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit $ 1,680 2,260 points Credit Cash Accounts receivable Interest receivable eBook 170 1,750 2,970 16,900 Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Print $ 2,820 2,390 630 3,730 2,600 470 References Unearned rent revenue Common Stock (840 shares) Additional paid-in capital Retained earnings Sales revenue 84 3,426 4,690 37,250 160 Interest revenue Rent revenue 580 Wages expense Depreciation expense Utilities expense Insurance expense 18,400 1,740 340 730 Rent expense Income tax expense 9,100 2,790 $58,830 $58,830 Total Prepare a statement of stockholders' equity for the current year. (Reductions in account balances should be indicated with a minus sign.) CATENA'S MARKETING COMPANY Statement of Stockholders' Equity Additional Total Stockholders' Equity Retained Earnings Common Stock Paid-in Capital Balance, January 1 Share issuance Net income Dividends declared Balance, December 31 LO 6 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $620 were declared at the end of the year, and 690 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,760 in cash (for a total at the end of the year of 840 shares). These effects are included below: 10 Catena's Marketing Company Adjusted Trial Balance End of the Current Year points Skipped Debit Credit $ 1,580 2,350 250 1,800 2,940 15,600 Cash Accounts receivable Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue ook $ 2,890 2,390 620 3,760 2,690 350 84 Print Common Stock (840 shares) Additional paid-in capital Retained earnings 3,516 3,590 37,450 170 660 References Sales revenue Interest revenue Rent revenue 18,600 1,790 390 Wages expense Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense 770 9,400 2,700 $ 58,170 $ 58,170 Total Prepare a classified balance sheet for the end of the current year. 10 CATENA'S MARKETI NG COMPANY points Balance Sheet Skipped Assets Current assets: ook Print Total current assets References Total assets $ 0 Liabilities Current liabilities: Total current liabilities 0 Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0
