Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock   Jan. 1 Balance 900,000   Apr. 14 Issued       13,200 shares 396,000   Dec. 31 Balance 1,296,000 Paid-In Capital in Excess of Par   Jan. 1 Balance 144,000   Apr. 14 Issued       13,200 shares 92,400   Dec. 31 Balance 236,400 Treasury Stock Aug. 7 Purchased       2,200 shares 61,600   Retained Earnings Mar. 31 Dividend 23,000 Jan. 1 Balance 1,570,000 June. 30 Dividend 23,000 Dec. 31 Closing   Sept. 30 Dividend 23,000   (Net income) 236,000 Dec. 31 Dividend 23,000 Dec. 31 Balance 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.

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 22E
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Statement of Stockholders' Equity

The stockholders’ equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows.

Common Stock
  Jan. 1 Balance 900,000
  Apr. 14 Issued  
    13,200 shares 396,000
  Dec. 31 Balance 1,296,000


Paid-In Capital in Excess of Par
  Jan. 1 Balance 144,000
  Apr. 14 Issued  
    13,200 shares 92,400
  Dec. 31 Balance 236,400


Treasury Stock
Aug. 7 Purchased    
  2,200 shares 61,600  


Retained Earnings
Mar. 31 Dividend 23,000 Jan. 1 Balance 1,570,000
June. 30 Dividend 23,000 Dec. 31 Closing  
Sept. 30 Dividend 23,000   (Net income) 236,000
Dec. 31 Dividend 23,000 Dec. 31 Balance 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 13,200 Shares of Common Stock
Purchased 2,200 Shares as Treasury Stock
Net Income
Dividends
Balance, Dec. 31, 20Y9
Transcribed Image Text: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 13,200 Shares of Common Stock Purchased 2,200 Shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9
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