Question: The following account balances appear in the 2015 adjusted trial
The following account balances appear in the 2015 adjusted trial balance of Spiders Corporation: Common Stock, $30,000; Retained Earnings, $8,000; Dividends, $1,000; Service Revenue, $28,000; Salaries Expense, $16,000; and Rent Expense, $9,000. No common stock was issued during the year. Prepare the statement of stockholders’ equity for the year ended December 31, 2015.
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