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Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 3 1 . To simplify the
Green Valley Company prepared the following trial balance at the end of its first year of operations ending December To simplify the case, the amounts given are in thousands of dollars.
tableUNADJUSTEDDebit,CreditCashAccounts receivable,Prepaid insurance,MachineryAccumulated depreciation,,Accounts payable,,Wages payable,,Income taxes payable,,Common stock sharesAdditional paidin capital,,Retained earnings,,Revenues not detailedExpenses not detailed Totals,,
Other data not yet recorded at December include
a Insurance expired during the current year, $
b Wages payable, $
c Depreciation expense for the current year, $
d Income tax expense, $
Required
Required
Required
Using the adjusted balances, prepare statement of stockholders' equity for the current year. The balance in retained earnings represents dividends that were declared and paid in the current year.
Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.
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