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Preparing a Statement of Stockholders' Equity On December 31, 2014, the credit balances of the Common Stock and Retained Earnings accounts were $31,000 and $19,000
Preparing a Statement of Stockholders' Equity On December 31, 2014, the credit balances of the Common Stock and Retained Earnings accounts were $31,000 and $19,000 respectively, for Architect Services Company. Its stock issuances for 2015 totaled $7,000 and it paid $10,700 cash toward dividends in 2015. For the year ended December 31, 2015, the company had net income of $30,900. 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 | |||
---|---|---|---|
Common Stock | Retained Earnings | Total Stockholders' Equity | |
Balance at December 31, 2014 | Answer | Answer | Answer |
Stock Issuance | Answer | Answer | Answer |
Dividends | Answer | Answer | Answer |
Net Income | Answer | Answer | Answer |
Balance at December 31, 2015 | Answer | Answer | Answer |
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