The stockholders' equity T accounts of Family Greeting Cards Inc. for the current fiscal year ended December
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The stockholders' equity T accounts of Family Greeting Cards Inc. for the current fiscal year ended December 31, 2008, are as follows. Prepare a statement of stockholders' equity for the fiscal year ended December 31,2008.
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COMMON STOCK 600,000 Jan. Balance Apr. 9 Issued 50,000 shares 150,000 750,000 Dec. 31 Balance PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance Apr. 9 Issued 350,000 50,000 shares 100,000 450,000 Dec. 3 Balance TREASURY STOCK Aug. 7 Purchased 6,000 shares 24,000 RETAINED EARNINGS 2,108,000 June 30 Dividend Dec. 30 Dividend 40,000 Jan. Balance 40,000 Dec. 31 Closing (net income) 325,000 2,353,000 Dec. 3Balance
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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