Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Statement of stockholders' equity
After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9.
$82,000
180,000
2,100
Cash
Common stock
Dividends
Interest expense
Land
210,000
Miscellaneous expense 4,100
95,000
14,000
Notes payable
Rent expense
Retained earnings
Salaries expense
Sales commissions
Utilities expense
Line Item Description
Balances, June 1, 20Y9
Issued common stock
Net income ✓
Dividends
800
Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.
West Coast Dreams Realty Inc.
Statement of Stockholders' Equity
For the Month Ended June 30, 20Y9
✓
105,000
165,000
22,000
0
Balances, June 30, 20Y9
✓
Common Stock Retained Earnings
0 ✓
180,000 ✓
✓
0
0
180,000
0
0 ✓
-2,100 ✓
Total
0
180,000
-2,100
Transcribed Image Text:Statement of stockholders' equity After its first month of operations, the following amounts were taken from the accounting records of West Coast Dreams Realty Inc. as of June 30, 20Y9. $82,000 180,000 2,100 Cash Common stock Dividends Interest expense Land 210,000 Miscellaneous expense 4,100 95,000 14,000 Notes payable Rent expense Retained earnings Salaries expense Sales commissions Utilities expense Line Item Description Balances, June 1, 20Y9 Issued common stock Net income ✓ Dividends 800 Prepare a statement of stockholders' equity for the month ended June 30, 20Y9. West Coast Dreams Realty Inc. Statement of Stockholders' Equity For the Month Ended June 30, 20Y9 ✓ 105,000 165,000 22,000 0 Balances, June 30, 20Y9 ✓ Common Stock Retained Earnings 0 ✓ 180,000 ✓ ✓ 0 0 180,000 0 0 ✓ -2,100 ✓ Total 0 180,000 -2,100
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