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PLEASE HELP FILL OUT THE BOXES! After establishing their company's fiscal year - end to be October 3 1 , Natalie and Curtis begin operating
PLEASE HELP FILL OUT THE BOXES! After establishing their company's fiscal yearend to be October Natalie and Curtis begin operating Cookie & Coffee Creations Inc. on November On that date, after the issuance of shares, the paidin capital section of the company's balance sheet is as follows. Paidin capital Preferred stock, $ noncumulative, no par value, shares authorized, issued $ Common stock, no par value, shares authorized, issued Cookie & Coffee Creations then has the following selected transactions during its first year of operations. Dec. Issues an additional preferred shares to Natalie's brother for $ Apr. Declares a semiannual dividend to the preferred stockholders of record on May payable on June June Repurchases shares of common stock issued to the lawyer, for $ Recall that these were originally issued for $ The lawyer had decided to retire and wanted to liquidate all of her assets. Oct. The company has had a very successful first year of operations. It earned revenues of $ and incurred operating expenses of $including $ legal fee, but excluding income tax Records income tax expense. The company has a income tax rate. Declares a semiannual dividend to the preferred stockholders of record on November payable on December b Prepare the statement of retained earnings for the year. List items that increase retained earnings first. If answer is zero, please enter do not leave any field blank. COOKIE & COFFEE CREATIONS INC. Statement of Retained Earnings
PLEASE HELP FILL OUT THE BOXES! After establishing their company's fiscal yearend to be October Natalie and Curtis begin operating Cookie & Coffee Creations Inc. on November On that date, after the issuance of shares, the paidin capital section of the company's balance sheet is as follows.
Paidin capital
Preferred stock, $ noncumulative, no par value,
shares authorized, issued
$
Common stock, no par value, shares
authorized, issued
Cookie & Coffee Creations then has the following selected transactions during its first year of operations.
Dec. Issues an additional preferred shares to Natalie's brother for $
Apr. Declares a semiannual dividend to the preferred stockholders of record on May payable on June
June Repurchases shares of common stock issued to the lawyer, for $ Recall that these were originally issued for $ The lawyer had decided to retire and wanted to liquidate all of her assets.
Oct. The company has had a very successful first year of operations. It earned revenues of $ and incurred operating expenses of $including $ legal fee, but excluding income tax
Records income tax expense. The company has a income tax rate.
Declares a semiannual dividend to the preferred stockholders of record on November payable on December
b
Prepare the statement of retained earnings for the year. List items that increase retained earnings first. If answer is zero, please enter do not leave any field blank.
COOKIE & COFFEE CREATIONS INC. Statement of Retained Earnings
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