Question
Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal
Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 20Y2, are as follows:
Common Stock | |||
---|---|---|---|
Jan. 1 | 75,000 | ||
Feb. 15 | 25,000 |
Retained Earnings | Dividends | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31 | 160,000 | Jan. 1 (20Y2) | 4,150,800 | Mar. 31 | 40,000 | Dec. 31 | 160,000 | |
Dec. 31 | 700,000 | June 30 | 40,000 | |||||
Sept. 30 | 40,000 | |||||||
Dec. 31 | 40,000 |
Prepare a statement of stockholders equity for the year ended December 31, 20Y2. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign.
blank | Common Stock | Retained Earnings | Total |
CashBalances, January 1, 20Y2Balances, December 31, 20Y2Net incomeNet loss | $- Select - | $- Select - | $- Select - |
CashFees earnedIssued common stockMiscellaneous expenseWages expense | - Select - | - Select - | - Select - |
CashBalances, January 1, 20Y2Balances, December 31, 20Y2Net incomeNet loss | - Select - | - Select - | - Select - |
DividendsFees earnedOffice expenseMiscellaneous expenseWages expense | - Select - | - Select - | - Select - |
CashBalances, January 1, 20Y2Balances, December 31, 20Y2Net incomeNet loss | $- Select - | $- Select - | $- Select - |
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