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Statement of Stockholders Equity You have been asked to assist with the preparation of a statement of stockholders equity for Maxx Company for the year
Statement of Stockholders Equity You have been asked to assist with the preparation of a statement of stockholders equity for Maxx Company for the year ended December 31, 2016. You determine the following balances:
Common Stock at December 31, 2015 | $8,000 |
Retained Earnings at December 31, 2015 | 7,500 |
Net Income during 2016 | 4,500 |
Dividends during 2016 | 750 |
Issuance of Common Stock during 2016 | 600 |
Required Prepare a statement of stockholders equity for Maxx Company for 2016.
MAXX COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2016 | |||||
---|---|---|---|---|---|
CommonStock | RetainedEarnings | Total Stockholders'Equity | |||
Balance at December 31, 2015 | Answer | Answer | Answer | ||
Issuance of Common Stock | Answer | Answer | Answer | ||
Net Income | Answer | Answer | Answer | ||
Dividends Paid(Enter as negative) | Answer | Answer | Answer | ||
Balance at December 31, 2016 | Answer | Answer | Answer |
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