The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31,20Y9, are as follows. Prepare a statement of stockholders' equity for the year endedDecember 31, 20Y9.COMMON STOCKJan. 1 Balance4,800,000Apr. 14 Issued30,000 shares1,200,0006,000,000Dec. 31 BalancePAID-IN CAPITAL IN EXCESS OF PARJan. 1 Balance960,000Apr. 14Issued30,000 shares300,000Dec. 31 Balance1,260,000TREASURY STOCKAug. 7Purchased12,000 shares552,000RETAINED EARNINGSDividendJan. 1 BalanceMar. 3169,00011,375,000DividendClosing(net income)June 3069,000Dec. 31Sept. 30Dividend69,0003,780,000Dec. 31Dec. 31DividendBalance69,00014,879,000

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Asked Dec 19, 2019
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The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31,
20Y9, are as follows. Prepare a statement of stockholders' equity for the year ended
December 31, 20Y9.
COMMON STOCK
Jan. 1 Balance
4,800,000
Apr. 14 Issued
30,000 shares
1,200,000
6,000,000
Dec. 31 Balance
PAID-IN CAPITAL IN EXCESS OF PAR
Jan. 1 Balance
960,000
Apr. 14
Issued
30,000 shares
300,000
Dec. 31 Balance
1,260,000
TREASURY STOCK
Aug. 7
Purchased
12,000 shares
552,000
RETAINED EARNINGS
Dividend
Jan. 1 Balance
Mar. 31
69,000
11,375,000
Dividend
Closing
(net income)
June 30
69,000
Dec. 31
Sept. 30
Dividend
69,000
3,780,000
Dec. 31
Dec. 31
Dividend
Balance
69,000
14,879,000
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The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. COMMON STOCK Jan. 1 Balance 4,800,000 Apr. 14 Issued 30,000 shares 1,200,000 6,000,000 Dec. 31 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 960,000 Apr. 14 Issued 30,000 shares 300,000 Dec. 31 Balance 1,260,000 TREASURY STOCK Aug. 7 Purchased 12,000 shares 552,000 RETAINED EARNINGS Dividend Jan. 1 Balance Mar. 31 69,000 11,375,000 Dividend Closing (net income) June 30 69,000 Dec. 31 Sept. 30 Dividend 69,000 3,780,000 Dec. 31 Dec. 31 Dividend Balance 69,000 14,879,000

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Stockholders’ equity:

The claims of owners on a company’s resources, after the liabilities are paid off, are referred to as s...

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