The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9,...
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The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Aug. 7 Purchased 1,600 shares Jan. 1 Apr. 14 Dec. 31 44,800 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Apr. 14 Dec. 31 TREASURY STOCK Balance Issued 9,600 shares Balance Balance Issued 9,600 shares Balance 600,000 288,000 888,000 96,000 67,200 163,200 Aug. 7 Mar. 31 June. 30 Sept. 30 Dec. 31 Purchased 1,600 shares Dividend Dividend Dividend Dividend TREASURY STOCK 44,800 RETAINED EARNINGS 15,000 Jan. 1 15,000 Dec. 31 15,000 15,000 Dec. 31 Balance Closing (Net income) Balance 1,040,000 156,000 1,136,000 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. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. 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 Balance, Jan. 1, 20Y9 Issued 9,600 Shares of Common Stock Purchased 1,600 Shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9 Retained Earnings Total 1000000 The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Aug. 7 Purchased 1,600 shares Jan. 1 Apr. 14 Dec. 31 44,800 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Apr. 14 Dec. 31 TREASURY STOCK Balance Issued 9,600 shares Balance Balance Issued 9,600 shares Balance 600,000 288,000 888,000 96,000 67,200 163,200 Aug. 7 Mar. 31 June. 30 Sept. 30 Dec. 31 Purchased 1,600 shares Dividend Dividend Dividend Dividend TREASURY STOCK 44,800 RETAINED EARNINGS 15,000 Jan. 1 15,000 Dec. 31 15,000 15,000 Dec. 31 Balance Closing (Net income) Balance 1,040,000 156,000 1,136,000 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. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. 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 Balance, Jan. 1, 20Y9 Issued 9,600 Shares of Common Stock Purchased 1,600 Shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9 Retained Earnings Total 1000000
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Calculations Common Stock The balance of Common Stock on January 1 20Y9 was 600000 During the year t... View the full answer
Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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