Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 115,000 Dividends paid in June 28,000 Common stock, June 1, 20Y9 170,000 Common stock issued in June 40,000 Retained earnings, June 1, 20Y9 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y9 Common Stock Retained Earnings Total Balances, June 1, 20Y9 $ 1,630,000 Issued common stock ▼ 40,000 40,000 Net income 115,000 115,000 Dividends 28,000 28,000 Balances, June 30, 20Y9 - 1,717,000
Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 115,000 Dividends paid in June 28,000 Common stock, June 1, 20Y9 170,000 Common stock issued in June 40,000 Retained earnings, June 1, 20Y9 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y9 Common Stock Retained Earnings Total Balances, June 1, 20Y9 $ 1,630,000 Issued common stock ▼ 40,000 40,000 Net income 115,000 115,000 Dividends 28,000 28,000 Balances, June 30, 20Y9 - 1,717,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Statement of stockholders' equity
Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows:
Net income for June
$ 115,000
Dividends paid in June
28,000
Common stock, June 1, 20Y9
170,000
Common stock issued in June
40,000
Retained earnings, June 1, 20Y9
1,630,000
a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.
Organic Products Company
Statement of Stockholders' Equity
For the Month Ended June 30, 20Y9
Common Stock
Retained Earnings
Total
Balances, June 1, 20Y9 -
$ 1,630,000
Issued common stock
40,000 V
40,000 V
Net income ♥
115,000
115,000
Dividends ▼
28,000
28,000
Balances, June 30, 20Y9
1,717,000
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