Question

At the beginning of 2015, Artichoke Academy reported a balance in common stock of $160,000 and a balance in retained earnings of $40,000. During the year, the company issued additional shares of stock for $30,000, earned net income of $25,000, and paid dividends of $12,000. In addition, the company reported balances for the following assets and liabilities on December 31.


Required:
1. Prepare a statement of stockholders’ equity.
2. Prepare a balancesheet.


$1.99
Sales3
Views458
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000