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Statement of Stockholders' Equity The stockholders equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock Jan.
Statement of Stockholders' Equity
The stockholders equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows.
Common Stock | |||||
---|---|---|---|---|---|
Jan. 1 | Balance | 1,900,000 | |||
Apr. 14 | Issued | ||||
16,800 shares | 840,000 | ||||
Dec. 31 | Balance | 2,740,000 |
Paid-In Capital in Excess of Par | |||||
---|---|---|---|---|---|
Jan. 1 | Balance | 304,000 | |||
Apr. 14 | Issued | ||||
16,800 shares | 201,600 | ||||
Dec. 31 | Balance | 505,600 |
Treasury Stock | |||||
---|---|---|---|---|---|
Aug. 7 | Purchased | ||||
2,800 shares | 134,400 |
Retained Earnings | |||||
---|---|---|---|---|---|
Mar. 31 | Dividend | 49,000 | Jan. 1 | Balance | 3,310,000 |
June. 30 | Dividend | 49,000 | Dec. 31 | Closing | |
Sept. 30 | Dividend | 49,000 | (Net income) | 497,000 | |
Dec. 31 | Dividend | 49,000 | Dec. 31 | Balance | 3,611,000 |
Prepare a statement of stockholders equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box blank.
I-Cards Inc. | |||||
Statement of Stockholders Equity | |||||
For the Year Ended December 31, 20Y9 | |||||
Common Stock $50 Par | Paid-In Capital in Excess of Par | Treasury Stock | Retained Earnings | Total | |
Balance, Jan. 1, 20Y9 | $ | $ | $ | $ | $ |
Issued 16,800 Shares of Common Stock | |||||
Purchased 2,800 Shares as Treasury Stock | $ | ||||
Net Income | |||||
Dividends | |||||
Balance, Dec. 31, 20Y9 | $ | $ | $ | $ | $ |
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