Statement of Stockholders' Equity Shaded cells have feedback Instructions Financial Information related to Organic Products Company for the month ended June 30, 2099, is as follows: $112.000 21,000 2 Net income for June Dividends paid in June Common stock, June 1, 2019 Common stock issued in June Retained earnings, June 1, 2019 150.000 50,000 1,590,000 Required: a Prepare a statement of stockholders' equity for the month ended June 30, 2019. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. I anellosis incurred or dividends were paid enter that amount as a negative number using a minus sign. Entries of 0 (zero) are not required and will be cleared il entered. b. Why is the statement of stockholders' equity prepared before the June 30, 2049. balance sheet? Statement of Stockholders' Equity Shaded cells have feedback choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid enter that amount as a negative number using a minus sign Entries of 0 (zero) are not required and will be cleared if entered Score: 35/80 Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 2019 1 Retained Common Stock Total Earnings 1. Balances, lune 1, 2049 3 Dividends Net income 5 issued common stock Balances, lune 30, 2019 Paints: 7.88/18 eBook Show Me How Calculator Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 2099, is as follows: $ 115,000 30,000 Net income for June Dividends paid in June Common stock, June 1, 2049 Common stock issued in June Retained earnings, June 1, 2049 170,000 60,000 1,700,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 2049 Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 2019 Common Stock Retained Earnings Balances, June 1, 2019 170,000 1,700 / Total Issued common stock 60.000 115.000 Net Income 30.000 Dividends $ Balances, June 30, 2019 Check My Won Partially correct b. Why is the statement of stockholders' equity prepared before the June 30, 2019, balance sheet? Previous NE Check My Work Sub Assignment for All work saved, Adjusting Entries for Prepaid Insurance The prepaid insurance account had a balance of $4,600 at the beginning of the year. The account was debited for $5,100 for premiums on policies purchased during year. Journalize the adjusting entry required at the end of the year for each of the following situations: a. The amount of unexpired insurance applicable to future periods is $900. If an amount box does not require an entry, leave it blank. Insurance Expense Prepaid Insurance Toda Check My Wor Set up a Prepaid Insurance T-account. Consider each situation by recalling that prepaid insurance expires and becomes an expense with the passage of time. The insurance expense is the amount needed to arrive at the given ending balance. Complete your adjusting entry by making sure that the entry affects at least one income statement account and one balance sheet account b. The amount of insurance expired during the year is $8,800. If an amount box does not require an entry, leave it blank. Insurance Expense Prepaid Insurance Partially corred