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Statement of Stockholders' Equity The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK
Statement of Stockholders' Equity
The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.
COMMON STOCK | |||||
---|---|---|---|---|---|
Jan. 1 | Balance | 700,000 | |||
Apr. 14 | Issued | ||||
10,200 shares | 306,000 | ||||
Dec. 31 | Balance | 1,006,000 |
PAID-IN CAPITAL IN EXCESS OF PAR | |||||
---|---|---|---|---|---|
Jan. 1 | Balance | 112,000 | |||
Apr. 14 | Issued | ||||
10,200 shares | 71,400 | ||||
Dec. 31 | Balance | 183,400 |
TREASURY STOCK | |||||
---|---|---|---|---|---|
Aug. 7 | Purchased | ||||
1,700 shares | 47,600 |
RETAINED EARNINGS | |||||
---|---|---|---|---|---|
Mar. 31 | Dividend | 18,000 | Jan. 1 | Balance | 1,220,000 |
June. 30 | Dividend | 18,000 | Dec. 31 | Closing | |
Sept. 30 | Dividend | 18,000 | (Net income) | 183,000 | |
Dec. 31 | Dividend | 18,000 | Dec. 31 | Balance | 1,331,000 |
Prepare a statement of stockholders equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.
Common Stock $30 Par | Paid-In Capital in Excess of Par | Treasury Stock | Retained Earnings | Total | |
Balance, Jan. 1, 20Y9 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | $fill in the blank 5 |
Issued 10,200 shares of Common Stock | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 | fill in the blank 10 |
Purchased 1,700 shares as Treasury Stock | fill in the blank 11 | fill in the blank 12 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 |
Net Income | fill in the blank 16 | fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 |
Dividends | fill in the blank 21 | fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | fill in the blank 25 |
Balance, Dec. 31, 20Y9 | $fill in the blank 26 | $fill in the blank 27 | $fill in the blank 28 | $fill in the blank 29 | $fill in the blank 30 |
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