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1 SP 2007 fil aoye/Downloads/HW4Spring2016BUS201 pdf Problem #2: Equity Amounts (24 points) Presented below is information extracted from the accounting records and GAAP financial statements

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1 SP 2007 fil aoye/Downloads/HW4Spring2016BUS201 pdf Problem #2: Equity Amounts (24 points) Presented below is information extracted from the accounting records and GAAP financial statements of Dump Truck Pool Party Supplies Corp. Required: Analyze the facts provided below. Complete the statement of equity for Dump Truck Pool Party Supplies Corp. for 2016 using the form provided. a. In its balance sheet at December 31, 2015, Dump Truck Pool Party Supplies Corp. reported: Dump Truck Pool Party Supplies Corp. Stockholders' Equity December 31, 2015 Stockholders' equity Common stock, $1.50 par value, issued and outstanding 2,150,000 shares Additional paid-in capital Retained earnings s 3,225,000 7,525,000 2,750,000 450.000 $13.950.000 other comprehensive income Total stockholders' equity Enter the relevant amounts into the appropriate line of the statement of equity. (4 points) On January 1, 2016, issued 600,000 shares of common stock at $8.00 per share. Determine the effects of issuance of stock on the following accounts. b

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