Question
Statement of stockholders equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,400,000; and Retained
Statement of stockholders equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,400,000; and Retained Earnings, $12,000,000. During June, Noric issued for cash 60,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for the month ended October 31:
| 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.
| Noric Cruises Inc. | ||||
| Statement of Stockholders' Equity | ||||
| For the Month Ended October 31 | ||||
| Common Stock | Additional Paid-In Capital | Retained Earnings | Total | |
| Balances, October 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | fill in the blank 5 |
| Issued Common Stock | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 | fill in the blank 10 |
| Net Income | fill in the blank 12 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 |
| Dividends | fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 |
| Balances, October 31 | $fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | fill in the blank 25 |
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