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On December 31, 2014, the credit balances of the Common Stock and Retained Earnings accounts were $330,000 and $210,000 respectively, for Architect Services Company. Its
On December 31, 2014, the credit balances of the Common Stock and Retained Earnings accounts were $330,000 and $210,000 respectively, for Architect Services Company. Its stock issuances for 2015 totaled $90,000 and it paid $32,700 cash toward dividends in 2015. For the year ended December 31, 2015, the company had net income of $229,000. Prepare a 2015 statement of stockholders' equity for Architect Services. Note: Use a negative sign with answers that reduce the ending balance(s). ARCHITECT SERVICES COMPANY Statement of Stockholders' Equity For Year Ended December 31, 2015 Total Retained Stockholders' Earnings Equity $ $ Common Stock Balance at December 31, 2014 $ Stock Issuance Dividends Net Income Balance at December 31, 2015 $ $ $
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