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Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2089, 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, 2089, are as follows. COMMON STOCK 1,300,000 Jan. 1 Apr. 14 Balance Issued 15,000 shares Balance 600,000 1,900,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR 208,000 Jan. 1 Apr. 14 Balance Issued 15,000 shares Balance 120,000 328,000 Dec. 31 TREASURY STOCK Aug. 7 Purchased 2,500 shares 92,500 Balance 2,260,000 Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend RETAINED EARNINGS 33,000 Jan. 1 33,000 Dec. 31 33,000 33,000 Dec. 31 Closing (Net income) Balance 339,000 2,467,000 Prepare a statement of stockholders' equity for the year ended December 31, 2049. If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 2049 Common Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 2049 Issued 15,000 shares of Common Stock Purchased 2,500 shares as Treasury Stock Accounting numeric field Net Income Dividends Balance, Dec. 31, 2049
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