Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.
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- Please help meHow many shares of common stock are outstanding at August 3? How many shares of preferred stock are outstanding at August 3?Stockholders’ equity totaled $246,000 at the beginning of the year. During the year, net income was $36,000, dividends of $9,000 were declared and paid, and $30,000 of common stock was issued at par value. Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect
- Démó Consulting End-of-Period Spreadsheet For the Year Ended August 31, 20Y9 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 10,250 10,250 Accounts Receivable 24,400 24,400 Supplies 2,590 2,170 420 Land 20,980 20,980 Office Equipment 19,760 19,760 Accumulated Depreciation 2,710 1,290 4,000 Accounts Payable 6,590 6,590 Salaries Payable 320 320 Common Stock 8,200 8,200 Retained Earnings 16,690 16,690 Dividends 3,170 3,170 Fees Earned 66,970 66,970 Salary Expense 18,060 320 18,380 Supplies Expense 2,170 2,170 Depreciation Expense 1,290 1,290 Miscellaneous Expense 1,950 1,950 101,160 101,160 3,780 3,780 102,770 102,770At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings In the fourth quarter, the following entries related to its equity are recorded. Date October 2 October 25 October 31 November 5 December 1 ecember 31 Retained Earnings Common Dividend Payable General Journal Common Dividend Payable Cash Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable Common Stock, $12 Par Value Memo-Change the title of the common stock account to reflect the new par value of $4. Income Summary Retained Earnings Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings Total equity September 30 Beginning Balance 360,000 0 90,000 320,000 770,000 $360,000 90,000 320,000 $ Required: 2. Complete the following…The following events occurred Gargantuan's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from accounts receivable. 7. Paid $9,800 cash on accounts payable. 8. Paid a $4,600 cash dividend to the stockholders. Adjusting Entries information 9. There was $310 of supplies on hand at the end of the accounting period. 0. The lease on the office space covered a one-year period beginning November 1. 11. There was $5,200 of accrued salaries at the end of the period.
- A9At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings In the fourth quarter, the following entries related to its equity are recorded. General Journal Date October 2 October 25 October 31 November 5 December 1 December 31 Retained Earnings Common Dividend Payable Common Dividend Payable Cash Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable Common Stock, $10 Par Value Memo-Change the title of the common stock account to reflect the new par value of $4. Income Summary Retained Earnings Common stock Common stock dividend distributable Paid-in capital in excess of par, common stock Retained earnings Total equity September 30 Beginning Balance $ Required: 2. Complete the following table showing the equity account balances at each…Presented below are data for Caracas Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 11 Dividends Common Stock Stockholders' Equity, Dec. 31 Net Income Net income for 2012 is $684 income. $684 loss. $38 income. $38 loss. 2010 $3,800 2,280 ? 760 684 ? 760 2011 $4,560 ? ? 570 608 ? 684 2012 ? $2,736 2,850 646 650 2,166 ?