At the beginning of 2024, Artichoke Academy reported a balance in common stock of $150,000 and a
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At the beginning of 2024, 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 balance sheet.
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Statement of Stockholders Equity for Artichoke Academy December 31 2024 Commo...View the full answer
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