Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows Common Stock Balance Issued 13,800 shares Balance

image text in transcribed

The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows Common Stock Balance Issued 13,800 shares Balance an. 1 900,000 pr. 14 414,000 Dec. 31 1,314,000 Paid-In Capital in Excess of Par Balance Issued 13,800 shares Balance an. 1 144,000 pr. 14 96,600 Dec. 31 240,600 Treasury Stock Aug. 7 Purchased 2,300 shares 64,400 Retained Earnings Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend 23,000 Jan. 1 23,000 Dec. 31 23,000 23,000 Dec. 31 Balance Closing (Net income) Balance 1,570,000 236,000 1,714,000 Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box blank I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $30 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 Issued 13,800 Shares of Common Stock Purchased 2,300 Shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9 144.000 96,600 V 900,000 414,000V -64,400 1314,000 240,600 64,400 V Feedhack

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions