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Statement of stockholders equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June
Statement of stockholders equity
Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows:
Net income for June | $ 115,000 |
Dividends paid in June | 25,000 |
Common stock, June 1, 20Y9 | 180,000 |
Common stock issued in June | 50,000 |
Retained earnings, June 1, 20Y9 | 1,630,000 |
a. Prepare a statement of stockholders equity for the month ended June 30, 20Y9.
Organic Products Company | |||
Statement of Stockholders Equity | |||
For the Month Ended June 30, 20Y9 | |||
Common Stock | Retained Earnings | Total | |
$________ | $________ | $________ | |
_________ | _________ | _________ | |
________ | _________ | _______ | |
_______ | _________ | __________ | |
$________ | $_______ | $________ |
b. Why is the statement of stockholders equity prepared before the June 30, 20Y9, balance sheet?
The statement of stockholders equity is prepared before the June 30, 20Y9, balance sheet because ____________ as of June 30, 20Y9, are needed for the June 30, 20Y9, balance sheet.
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