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Drunken Monkey Provocations Corp. Stock Issuance and Statement of Stockholders' Equity Drunken Monkey Provocations Corp. started business in 2016 to provide event providers with professional
Drunken Monkey Provocations Corp. Stock Issuance and Statement of Stockholders' Equity Drunken Monkey Provocations Corp. started business in 2016 to provide event providers with professional level provocateurs to amp up the energy and chaos in the public realm. The following are some selected transactions and financial data from Drunken Monkey's first two years. On January 5, 2016, Drunken Monkey was started when it issued 25,000 shares of its $3 par value common stock to the owners who invested $375,000 in the business. Drunken Monkey ended 2016, its first year, with $451,400 in net income and $60,000 in dividends declared On March 4, 2017, Drunken Monkey issued an additional 40,000 shares of its common stock to additional investors who invested $875,000 in the business. Drunken Monkey ended 2017 with $906,200 in net income and $96,000 in dividends declared INSTRUCTIONS For each year, create the journal entry for the stock issuance and create a complete Statement of Stockholders' Equity
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