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At the beginning of Year 2, Jones Company had a balance in common stock of $216,000 and a balance in retained earnings of $6,600. During
At the beginning of Year 2, Jones Company had a balance in common stock of $216,000 and a balance in retained earnings of $6,600. During Year 2, the following transactions occurred: Issued common stock for $56,400 Earned net income of $33,200 Paid dividends of $13,200 Issued a note payable for $21,600 Based on the information provided, what is the total stockholders equity on December 31, Year 2?
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