Astro Corporation was started with the issue of 5.300 shares of $11 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $69,000 in cash revenues and paid $46,230 for cash expenses. Also, a $3,800 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Stmt of Cash Flows Balance Sheet Prepare a balance sheet, ASTRO CORPORATION Balance Sheet As of December 31. Year 1 Assets Total assets $4 Liabilities Stockholders' equity Common stock Total Paid-In Capital Total liabilities and stockholders' equity $
Astro Corporation was started with the issue of 5.300 shares of $11 par stock for cash on January 1, Year 1. The stock was issued at a market price of $16 per share. During Year 1, the company earned $69,000 in cash revenues and paid $46,230 for cash expenses. Also, a $3,800 cash dividend was paid to the stockholders. Required Prepare an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows for Astro Corporation's Year 1 fiscal year. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Stmt of Cash Flows Balance Sheet Prepare a balance sheet, ASTRO CORPORATION Balance Sheet As of December 31. Year 1 Assets Total assets $4 Liabilities Stockholders' equity Common stock Total Paid-In Capital Total liabilities and stockholders' equity $
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 3R: Chen Corporation began 2012 with the following stockholders equity balances: The following selected...
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