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.
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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Question
Statement of
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 |
Aug. 7 | Purchased | ||
2,200 shares | 61,600 |
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.
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