eBook

Show Me How

Office 365

Question Content Area

Statement of stockholders equity

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

Transaction	Debit amount	Transaction	Credit amount
		Jan. 1	81,000
		Feb. 15	27,000

Retained Earnings

Transaction	Debit amount	Transaction	Credit amount
Dec. 31	160,000	Jan. 1 (20Y2)	4,079,800
		Dec. 31	680,000

Dividends

Transaction	Debit amount	Transaction	Credit amount
Mar. 31	40,000	Dec. 31	160,000
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. Use a minus sign to enter negative values, if any. If an amount is zero, enter "0".

Climate Control Systems Co. Statement of Stockholders' Equity For the Year Ended December 31, 20Y2

Line Item Description	Common Stock	Retained Earnings	Total
January 1, 20Y2	$fill in the blank 3	$fill in the blank 4	$fill in the blank 5
Issued common stock	fill in the blank 7	fill in the blank 8	fill in the blank 9
Net income	fill in the blank 11	fill in the blank 12	fill in the blank 13
Dividends	fill in the blank 15	fill in the blank 16	fill in the blank 17
Balances, December 31, 20Y2	$fill in the blank 19	$fill in the blank 20	$fill in the blank 21