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I'm not sure if my answers are correct Retained earnings and balance sheet data: Accounts payable Accounts receivable Accumulated depreciation-office buildings and equipment Accumulated depreciation-store
I'm not sure if my answers are correct
Retained earnings and balance sheet data: Accounts payable Accounts receivable Accumulated depreciation-office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts Bonds payable, 5%, due in 10 years Cash Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding), January 1, 20Y8 Dividends: Cash dividends for common stock Cash dividends for preferred stock Goodwill Income tax payable Interest receivable Inventory (December 31, 20Y8), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock, January 1, 2018 Paid-in capital in excess of par-common stock, January 1, 20Y8 Paid-in capital in excess of par-preferred stock, January 1, 20Y8 $194,300 545,000 1,580,000 4,126,000 8,450 500,000 282,850 1,700,000 155,120 100,000 700,000 44,000 1,200 778,000 4,320,000 0 736,800 70,000 Preferred 5% stock, $80 par (30,000 shares authorized; 16,000 shares issued), January 1, 20Y8 Premium on bonds payable Prepaid expenses Retained earnings, January 1, 20Y8 Store buildings and equipment Treasury stock, January 1, 20Y8 1,280,000 19,000 27,400 8,197,220 12,560,000 0 b. Prepare a statement of stockholders' equity for the year ended December 31, 20Y8. Decreases in equity and purchase should be entered as negative amounts by using a minu. answer is zero, enter "0" Equinox Products Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y0 Pald-in Capital Preferred Preferred Common Retained Earnings Treasury Stock Stock Common Stock Total $ $ Balances, January 1 1,200,000 1,700,000 0,197,220 11,984,020 Issued common stock 300,000 450,000 Issued preferred stock 320,000 400,000 Net income 329,000 329,000 Cash dividends -155,120 Sale of treasury stock Purchase of treasury stock $ $ $ Balances, December 31 1,600,000 8,271,100 $ 70,000 80,000 $ 150,000 200,000 736,800 150,000 $ 886,800 from Sale of Treasury Stock 0 $ 0Step by Step Solution
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