Question
The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows. Common Stock Jan. 1 Balance 4,375,000
The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows. Common Stock Jan. 1 Balance 4,375,000 Apr. 14 Issued 26,000 shares 910,000 Dec. 31 Balance 5,285,000 Paid-in Capital in Excess of Par Jan. 1 Balance 875,000 Apr. 14 Issued 26,000 shares 260,000 Dec. 31 Balance 1,135,000 Treasury Stock Aug. 7 Purchased 10,500 shares 493,500 Retained Earnings Mar. 31 Dividend 63,800 Jan. 1 Balance 10,546,100 June 30 Dividend 63,800 Sept. 30 Dividend 63,800 Dec. 31 Closing (net income) 3,502,000 Dec. 31 Dividend 63,800 Dec. 31 Balance 13,792,900 Prepare a statement of stockholders equity for the fiscal year ended December 31, 2016 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign. X Amount Descriptions repare a statement of stockholders equity for the fiscal year ended December 31, 2016 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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