Question
Statement of stockholders equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,325,000; and Retained
Statement of stockholders equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,325,000; and Retained Earnings, $12,300,000. During October, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31:
Line Item Description | Amount |
---|---|
Net income | $2,100,000 |
Cash dividends declared | 470,000 |
Prepare a statement of stockholders equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
Line Item Description | Common Stock | Additional Paid-In Capital | Retained Earnings | Total |
---|---|---|---|---|
Balances, October 1Balances, October 31CashNet Income | $ | $ | $ | |
Balances, October 1Balances, October 31CashIssued Common Stock | ||||
Balances, October 1Balances, October 31CashNet Income | ||||
Balances, October 1Balances, October 31CashDividends | ||||
Balances, October 1Balances, October 31DividendsNet Income | $ |
Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Comimon Stock, $140,000 - Additional Paid-In Ca pital, $3,325,000; and Retalned Earmings, $12,300,000. During October, Noric issued for cash 40,000 shares of cornmon stock \{with a stated value of 51 \} at $15 per stare. Noric teported the following results for the thonth ended October 31 : Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockbolders' equity. enter that amount as a negative number using a minus sign. If an anount box does not require an entry, lave it wlank
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