On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $123,675 Additional paid-in capital on preferred stock 18,600 Common stock, $2 par 58,200 Preferred stock, $100 par 93,000 Retained earnings 178,000 During 2019, the company sold 4,100 shares of common stock for $8 per share and 230 shares of preferred stock for $125 per share. It also earned income of $91,000 and paid dividends of $11 per share on the preferred stock and $2.80 per share on the common stock outstanding at the end of 2019. Required: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Preferred Common Additional Additional Stock Stock Paid-in Capital Paid-in Capital Retained $100 par $2 par on Preferred Stock on Common Stock Earnings Total Balances, 1/1/19 Common stock issued Preferred stock issued Net income Cash dividend paid on preferred Cash dividend paid on common 그므므 Balances, 12/31/19

On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $123,675 Additional paid-in capital on preferred stock 18,600 Common stock, $2 par 58,200 Preferred stock, $100 par 93,000 Retained earnings 178,000 During 2019, the company sold 4,100 shares of common stock for $8 per share and 230 shares of preferred stock for $125 per share. It also earned income of $91,000 and paid dividends of $11 per share on the preferred stock and $2.80 per share on the common stock outstanding at the end of 2019. Required: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Preferred Common Additional Additional Stock Stock Paid-in Capital Paid-in Capital Retained $100 par $2 par on Preferred Stock on Common Stock Earnings Total Balances, 1/1/19 Common stock issued Preferred stock issued Net income Cash dividend paid on preferred Cash dividend paid on common 그므므 Balances, 12/31/19

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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