Question

At the beginning of 2015, Artichoke Academy reported a balance in common stock of $ 150,000 and a balance in retained earnings of $ 50,000. During the year, the company issued additional shares of stock for $ 40,000, earned net income of $ 30,000, and paid dividends of $ 10,000. 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.


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  • CreatedJuly 15, 2014
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