The following selected accounts an their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 20Y2. Required: 1. Prepare a multiple-step income statement. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. A colon (:) will automatically appear if it is required.  2. Prepare a Statement of Stockholders' Equity. Additional common stock of $75,000 was issued during the year ended May 31, 20Y2. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3. Prepare the Balance Sheet, assuming that the current portion of the note payable is $58,000. Be sure to complete the statement heading. Refer to the problem data and the list of Labels and Amount Descriptions provided…

Prepare a statement of stockholders equity for the year ended June 30 20Y3. During the ended June 30, 30Y3 additional common stock of $20,000 was issued. If a net loss is incurred or dividends were paid, enter that amount as a negative using a minus sign.  Prepare a balance sheet of June 30  20Y3 including stockholders equity and liability.   On the basis of the end of period speeds, journalize the closing entries.  Prepare a post closing trial balance. List the accounts as assets,  liabilities, capital, dividends, revenue and expenses.

At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported.