b-2. Prepare the statement of changes in stockholders' equity. MILEA, INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings
b-2. Prepare the statement of changes in stockholders' equity. MILEA, INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:b-2. Prepare the statement of changes in stockholders' equity.
MILEA, INC.
Statement of Changes in Stockholders' Equity
For the Year Ended December 31, Year 1
Beginning common stock
Ending common stock
Beginning retained earnings
ces
Ending retained earnings
Total stockholders' equity
![Required information
12 of 2
(The following information applieş to the questions displayed below.]
Milea Inc. experienced the following events in Year 1, its first year of operations:
nts
1. Received $14,000 cash from the issue of common stock.
2. Performed services on account for $45,000.
3. Paid the utility expense of $1,450.
4. Collected $38,550 of the accounts receivable.
5. Recorded $7,200 of accrued salaries at the end of the year.
6. Paid a $1,100 cash dividend to the stockholders.
eBook
Hint
b-1. Prepare the income statement.
Print
MILEA, INC.
Income Statement
For the Year Ended December 31, Year 1
References
Expenses
Total expenses
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Transcribed Image Text:Required information
12 of 2
(The following information applieş to the questions displayed below.]
Milea Inc. experienced the following events in Year 1, its first year of operations:
nts
1. Received $14,000 cash from the issue of common stock.
2. Performed services on account for $45,000.
3. Paid the utility expense of $1,450.
4. Collected $38,550 of the accounts receivable.
5. Recorded $7,200 of accrued salaries at the end of the year.
6. Paid a $1,100 cash dividend to the stockholders.
eBook
Hint
b-1. Prepare the income statement.
Print
MILEA, INC.
Income Statement
For the Year Ended December 31, Year 1
References
Expenses
Total expenses
( Prev
of 8
Next >
Mc
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