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E F G 1 Instructions: 2 The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows.
E F G 1 Instructions: 2 The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Prepare a statement of stockholders 3 4 5 6 7 Common Stock Jan 1 Balance 1,200,000 Apr 14 Dec 31 Issued 30,000 shares 400,000 Balance 1,600,000 8 9 10 Paid-In Capital in excess of par-Common Stock 11 12 13 Jan 1 Balance 30,000 Apr 14 Issued 30,000 shares 5,000 Dec 31 Balance 35,000 14 15 16 Treasury Stock 17 Jan 1 Balance 18 Sept 2 Purchased 5,000 shares 85,000 19 Dec 31 85,000 20 21 22 23 24 1-Oct Closing 25 26 27 Retained Earnings Jan 1 Balance 10,000 31-Dec Closing 680,000 123,000 Dec 31 Balance 793,000 I-Cards 28 29 Statement of Stockholders' Equity For the year ended December 31, 20X9 30 Common Stock 31 Balances, Jan 1 32 Issued Stock Purchased 33 Treasury Stock 34 Net income 35 Dividends 36 Balances, Dec 31 37 38 39 40 41 42 Paid in Capital in excess of par Treasury Stock Retained Earnings Total
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