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Preparing a Statement of Stockholders' Equity On December 31, 2017, the credit balances of the Common Stock and Retained Earnings accounts were $30,000 and
Preparing a Statement of Stockholders' Equity On December 31, 2017, the credit balances of the Common Stock and Retained Earnings accounts were $30,000 and $18,000 respectively, for Architect Services Company. Its stock issuances for 2018 totaled $6,000 and it paid $9,700 cash toward dividends in 2018. For the year ended December 31, 2018, the company had net income of $29,900. Prepare a 2018 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, 2018 Common Retained Total Stockholders' Stock Earnings Equity Balance at December 31, 2017 $ 0 $ 0 $ 0 Stock Issuance 0 0 0 Dividends 0 0 0 Net Income Balance at December 31, 2018 $ 0 0 0 0 $ 0 $ 0
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