Statement of stockholders’ equityNoric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,125,000; and Retained Earnings, $12,200,000. During June, Noric issued for cash 30,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31:Net income$2,250,000Cash dividends declared450,000Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.Noric Cruises Inc.Statement of Stockholders' EquityFor the Month Ended October 31 CommonStockAdditionalPaid-InCapitalRetainedEarningsTotal $$$ $

Noric cruises Inc Statement of stock holders' equity For the month ended October…

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College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 1MP: Stockholders equity accounts and other related accounts of Gonzales Company as of January 1, 20--,...

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Statement of stockholders’ equity

Noric Cruises Inc. began the month of October with the following balances: Common Stock, $140,000; Additional Paid-In Capital, $3,125,000; and Retained Earnings, $12,200,000. During June, Noric issued for cash 30,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31:

Net income	$2,250,000
Cash dividends declared	450,000

Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

Noric Cruises Inc.
Statement of Stockholders' Equity
For the Month Ended October 31
	Common Stock	Additional Paid-In Capital	Retained Earnings	Total
	$	$	$



	$

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