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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
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 510 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,040 in cash (for a total at the end of the year of 840 shares). These effects are included below: Credit Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Cash $ 1,650 Accounts receivable 2,240 Interest receivable 290 Prepaid insurance 1,740 Long-term notes receivable 2,870 Equipment 16,400 Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (840 shares) Additional paid-in capital Retained earnings Sales revenue Interest revenue Rent revenue Wages expense 18,800 Depreciation expense 1,760 Utilities expense 380 Insurance expense 780 $ 2,890 2,300 590 3,880 2,650 450 84 3,486 4,010 37,550 120 710 Dont nnnnnn 0 1nn Utilities expense Insurance expense Rent expense Income tax expense Total 380 780 9,100 2,710 $ 58,720 $ 58,720 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 Common Stock Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Balance, January 1 $ 33 $ 129 Balance, December 31
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