Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Statement of Stockholders' Equity The stockholders' equity Taccounts of 1-Cards Inc. for the fiscal year ended December 31, 2089, are as follows. COMMON STOCK Jan.

image text in transcribed
image text in transcribed
Statement of Stockholders' Equity The stockholders' equity Taccounts of 1-Cards Inc. for the fiscal year ended December 31, 2089, are as follows. COMMON STOCK Jan. 1 Balance 4,800,000 Apr. 14 Issued 30,000 shares 1.200.000 Dec. 31 Balance 6,000,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan, 1 Balance 960,000 Apr. 14 Issued 30,000 sharest 300,000 1,260,000 Dec. 31 Balance TREASURY STOCK Aug. 7 Purchased 12,000 shares 552,000 RETAINED EARNINGS 11,375,000 Mar. 31 une 20 Dividend Dividendt 69,000 Jan. 1 69 onolner 31 Balance Cincinn Aug. 7 Purchased 12,000 shares 552,000 11,375,000 Mar. 31 June 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend RETAINED EARNINGS 69,000 Ian. 1 69,000 Dec. 31 69,000 69,000 Dec. 31 Balance Closing (Net income) Balance 3.780.000 14,879,000 Prepare a statement of stockholders' equity for the year ended December 31, 2019. 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, 2019 Common Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Balance, Jan. 1, 2049 Issued 30,000 shares of Common Stock Purchased 12,000 shares as Treasury Stock Net Income Qul Dividends Balance, Dec 31, 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Detecting Accounting Fraud Before Its Too Late

Authors: Oriol Amat

1st Edition

1119566843, 9781119566847

More Books

Students also viewed these Accounting questions

Question

=+3. What level of candor are decision makers willing to receive?

Answered: 1 week ago