The stockholders' equity T-accounts of Tender Heart Greeting Cards Inc. for the current fiscal year ended December
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The stockholders' equity T-accounts of Tender Heart Greeting Cards Inc. for the current fiscal year ended December 31, 2007, are as follows. Prepare a statement of stockholders' equity for the fiscal year ended December 31,2007.
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COMMON STOCK Jan. 1 Balance Mar. 13 Issued 500,000 50,000 shares 100,000 600,000 Dec. 3 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance Mar. 13 Issued 400,000 50,000 shares 45,000 445,000 Dec. 31 Balance TREASURY STOCK Apr. 30 Purchased 10,000 shares 25,000 RETAINED EARNINGS June 30 Dividend Dec. 30 Dividend 25,000 Ja Balance 25,000 Dc. 3 Closing 1,075,000 (net income) 240,000 1,265,000 Dec. 3 Balance
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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