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Tar Heel Corporation provides the following information at the end of 2018. Salaries payable to workers at the end of the year $ 2,600 Advertising
Tar Heel Corporation provides the following information at the end of 2018.
Salaries payable to workers at the end of the year | $ | 2,600 | |
Advertising expense for the year | 9,700 | ||
Building that has been purchased | 73,000 | ||
Supplies at the end of the year | 3,900 | ||
Retained earnings | 37,800 | ||
Utility expense for the year | 5,300 | ||
Note payable to the bank | 21,500 | ||
Service revenue earned during the year | 65,900 | ||
Salary expense for the year | 26,000 | ||
Accounts payable to suppliers | 7,000 | ||
Dividends paid to shareholders during the year | ? | ||
Common stock that has been issued, including $5,000 | |||
that was issued this year | 25,000 | ||
Cash remaining | 4,500 | ||
Interest expense for the year | 1,750 | ||
Accounts receivable from customers | 12,500 | ||
The balance of retained earnings at the beginning of the year equals $24,950.
Required:
2. Prepare the statement of stockholders equity for the year ended December 31, 2018.
TAR HEEL CORPORATION | |||
Statement of Stockholders Equity | |||
For the year ended December 31, 2018 | |||
Common Stock | Retained Earnings | Total Stockholders Equity | |
Beginning balance | $24,950 | ||
Issuance of common stock | 5,000 | 5,000 | |
Add: Net income | 23,150 | 23,150 | |
Less: Dividends | |||
Ending balance |
help with the second chart fill in blanks please
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