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6 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $590 were declared at
6 Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $590 were declared at the end of the year, and 530 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2.120 in cash (for a total at the end of the year of 810 shares). These effects are included below Catena's Marketing Company Adjusted Trial Balance End of the Current Year 0.05 points 201200) Debit Credit Cash Accounts receivable $1,690 2,338 Interest receivable 260 Prepaid insurance 1,688 Long-term notes receivable 2,970 Equipment 16,300 Accumulated depreciation $2,930 Accounts payable 2,260 Dividends payable 590 Accrued expenses payable 3,760 Income taxes payable 2,630 Unearned rent revenue 476 Common Stock (818 shares) 81 Additional paid-in capital 3,449 Retained earnings 5,230 Sales revenue 36,650 Interest revenue 170 Rent revenue 640 Wages expense 18,400 Depreciation expense 1,730 Utilities expense 360 Insurance expense 740 9,600 2,800 $50,000 $58,86 Rent expense Income tax expense Total Prepare a statement of stockholders' equity for the current year. (Reductions in account balances should be indicated with a minus sign.) Return to question
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