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The balance sheet for Tactex Controls Inc., provincially incorporated in 2 0 2 1 , reported the following components of equity on December 3 1
The balance sheet for Tactex Controls Inc., provincially incorporated in reported the following components of equity on
December Equity Section of the Balance SheetContributed capital: shares issued and outstanding $ outstanding
Total contributed capital
Retained earnings
Total equity In and the company had the following transactions affecting shareholders and the equity accounts:Jan. Sold common shares at $ per share. shareholders of record. Dividends had not been declared for the years and AllFeb. Paid the dividends declared on January
July Sold preferred shares for a total of $ The average issue price was $ per share.
Dec. Closed the dividend accounts along with the $ credit balance in the Income Summary common share cash dividend payable on October to the October shareholders of record.
Oct. Paid the dividends declared on September
Dec. Closed the Cash Dividends account along with the $ credit balance in the Income Prepare a statement of changes in equity for the year ended December Amounts to be deducted should be indicated by
a minus sign.
Loss
Profit
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