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ABC Company had the following balances at the beginning of the accounting period: Common Stock $9,700 Retained Earnings $1,580 ABC Company had the following transactions
ABC Company had the following balances at the beginning of the accounting period: Common Stock $9,700 Retained Earnings $1,580 ABC Company had the following transactions during the accounting period: (assume all transactions are cash transactions) Issued Common Stock $1.940 Paid Cash Dividends $800 Sold Land $400 Incurred Operating Expenses $3,000 Paid Principal on Note Payable $200 Performed Services for Customers $3,500 What value would be reported on the Statement of Changes in Stockholders' Equity for the ending Common Stock balance for this accounting period? $10,840 $9.700 $11,640 $12,440
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