Question
Statement ofStockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan.
Statement ofStockholders' 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 $1,400,000
Apr. 14 Issued
16,200 shares $648,000
Dec. 31 Balance. $2,048,000
PAID-IN CAPITAL IN EXCESS OF PAR
Jan. 1. Balance. $224,000
Apr. 14 Issued
16,200 shares. $129,600
Dec. 31. Balance. $353,600
TREASURY STOCK
Aug. 7. Purchased
2,700 shares. $99,900
RETAINED EARNINGS
Mar. 31. Dividend. 36,000. Jan. 1. Balance. $2,440,000
June. 30. Dividend. 36,000. Dec. 31. Closing
Sept. 30. Dividend. 36,000 (Net income) $366,000
Dec. 31. Dividend. 36,000. Dec. 31. Balance. $2,662,000
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. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.
Statement of Stockholders' EquityFor the Year Ended December 31, 20Y9
Common Stock $40 ParPaid-In Capital in Excess of Par. Treasury StockRetained EarningsTotal
Balance, Jan. 1, 20Y9
Issued 16,200 shares of Common Stock
Purchased 2,700 shares as Treasury Stock
Net Income
Dividends
Balance, Dec. 31, 20Y9
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