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Instructions The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 2019, are as follows. Common Stock Jan. 1 Balance 5,265,000
Instructions The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 2019, are as follows. Common Stock Jan. 1 Balance 5,265,000 Apr. 14 Issued 33,000 shares 1,287,000 Dec. 31 Balance 6,552,000 Paid-in Capital in Excess of Par Jan. 1 Balance 1,080,000 Apr. 14 Issued 33,000 shares 330,000 Dec. 31 Balance 1,410,000 Treasury Stock Aug. 7 Purchased 12,500 shares 550,000 Retained Earnings Mar. 31 Dividend 74,900 Jan. 1 Balance 12,496,100 June 30 Dividend 74,900 Sept. 30 Dividend 74,900 Dec. 31 Closing (net income) 3,522,700 Dec. 31 Dividend 74,900 Dec. 31 Balance 15,719,200 Prepare a statement of stockholders' equity for the fiscal year ended December 31, 2016 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 1-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 2049 Common Stock, Paid-in Capital in $39 par Excess of Par Retained Treasury Stock Total Earnings Amount Descriptions Amount Descriptions Balance, Dec. 31, 2049 Balance, Jan. 1, 2049 Decrease in retained earnings Dividends For the Year Ended December 31, 2019 Increase in retained earnings Issued 33,000 shares of common stock Net income Net loss Purchased 12,500 shares as treasury stock
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