Please use a Microsoft Word document and insert a table, or use a blank Microsoft Excel worksheet to complete the exercise.

Company Chang Journal Entry

Stockholders equity at end of year

Stockholders equity at beginning of year

Net income (increase in stockholders equity) $ -

Company Henry

Increase in stockholders equity (as determined for Chang) $ - Add dividends

Net income $ -

Company Nagel

Increase in stockholders equity (as determined for Chang) $ - Deduct additional issuance of capital stock

Net income $ -

Company Wilcox

Increase in stockholders equity (as determined for Chang) $ - Deduct additional issuance of capital stock

$ -

Add dividends

Net income $ -

Hints:

Enter issuance of stock as a positive balance*