Question
The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock, $22,000; Retained Earnings, $7,200; Dividends, $1,000; Service Revenue, $25,600;
The following account balances appear in the 2018 adjusted trial balance of Spiders Corporation: Common Stock, $22,000; Retained Earnings, $7,200; Dividends, $1,000; Service Revenue, $25,600; Salaries Expense, $15,200; and Rent Expense, $8,200. No common stock was issued during the year.
Prepare the statement of stockholders' equity for the year ended December 31, 2018.
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
