Question
The records of New York Ts show the following information after all transactions are recorded for 2016. Notes payable $ 24,000 Supplies $ 29,000 Service
The records of New York Ts show the following information after all transactions are recorded for 2016.
Notes payable | $ 24,000 |
| Supplies | $ 29,000 |
Service fees earned | 184,400 |
| Cash | 43,000 |
Supplies expense | 38,800 |
| Advertising expense | 6,800 |
Insurance expense | 14,000 |
| Salaries expense | 36,000 |
Miscellaneous expense | 600 |
| Rent expense | 32,000 |
Common stock, January 1 | 22,000 |
| Retained earnings, January 1 | 25,000 |
Accounts payable | 7,200 |
| Accounts receivable | 6,400 |
Dividends | 12,000 |
| Equipment | 60,000 |
New York Ts raised $16,000 cash through the issuance of additional common stock during the year. Based on this information, prepare New York Ts statement of stockholders equity for the year ending December 31, 2016.
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