Statement of stockholders' equity After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. Cash Common stock Dividends Interest expense Land Miscellaneous expense Balances, June 1, 20Y9 Issued common stock Net income Retained earnings Balances, June 30, 20Y9 -X $79,500 37,500 15,000 3,000 63,000 4,500 Utilities expense Prepare a statement of stockholders' equity for the month ending June 10, 20Y9.If an amount box does not require an entry, leave it blank or enter Big Mountain Realty Inc. Statement of Stockholders' Equity For the Month Ending June 30, 20Y9 0 Common Stock Retained Earnings 37,500 Notes payable Rent expense 0 Retained earnings Salaries expense Sales commissions 0 37,500 0 0 33,000 $52,500 7,500 X X 112,500 217,500 22,500 Total 0 37,500 0 > × × 0 X 0 X
Statement of stockholders' equity After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9. Cash Common stock Dividends Interest expense Land Miscellaneous expense Balances, June 1, 20Y9 Issued common stock Net income Retained earnings Balances, June 30, 20Y9 -X $79,500 37,500 15,000 3,000 63,000 4,500 Utilities expense Prepare a statement of stockholders' equity for the month ending June 10, 20Y9.If an amount box does not require an entry, leave it blank or enter Big Mountain Realty Inc. Statement of Stockholders' Equity For the Month Ending June 30, 20Y9 0 Common Stock Retained Earnings 37,500 Notes payable Rent expense 0 Retained earnings Salaries expense Sales commissions 0 37,500 0 0 33,000 $52,500 7,500 X X 112,500 217,500 22,500 Total 0 37,500 0 > × × 0 X 0 X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![eBook
<
Cash
Bb Content Launch - Fall 2023 TTU Introduction to ...
Statement of stockholders' equity
After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9.
Common stock
Dividends
Interest expense
Land
Miscellaneous expense
Balances, June 1, 20Y9
Issued common stock
Net income
Retained earnings
Balances, June 30, 20Y9
Feedback
80
F3
Check My Work
Check My Work
✓
$
- X
Q
F4
✓
$79,500
37,500
of
15,000
Prepare a statement of stockholders' equity for the month ending June 10, 20Y9.If an amount box does not require an entry, leave it blank or enter
Big Mountain Realty Inc.
Statement of Stockholders' Equity
For the Month Ending June 30, 20Y9
3,000
63,000
4,500
0
F5
v2.cengagenow.com
Notes payable
Rent expense
0
$ 37,500
Common Stock Retained Earnings
Retained earnings
Salaries expense
Sales commissions
37,500 ✓
0 ✓
✓
Utilities expense
C CengageNOWv2 | Online teaching and learning resourc...
^
$
0
F6
0
✓
33,000 X
0
ox
X
MacBook Air
&
$
$52,500
F7
7,500
112,500
217,500
22,500
Total
0
0
37,500
0 X
0X
DII
FB
Email Instructor
F9
1
Re
Save and Exit
F10
Previou
Submit Assi
FI](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F128593f5-7ea4-4e3b-94cd-55abf91c7165%2Fe2ecbe25-0fad-447c-b12d-d635bf7c7a3c%2F8edj34o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:eBook
<
Cash
Bb Content Launch - Fall 2023 TTU Introduction to ...
Statement of stockholders' equity
After its first month of operations, the following amounts were taken from the accounting records of Big Mountain Realty Inc. as of June 30, 20Y9.
Common stock
Dividends
Interest expense
Land
Miscellaneous expense
Balances, June 1, 20Y9
Issued common stock
Net income
Retained earnings
Balances, June 30, 20Y9
Feedback
80
F3
Check My Work
Check My Work
✓
$
- X
Q
F4
✓
$79,500
37,500
of
15,000
Prepare a statement of stockholders' equity for the month ending June 10, 20Y9.If an amount box does not require an entry, leave it blank or enter
Big Mountain Realty Inc.
Statement of Stockholders' Equity
For the Month Ending June 30, 20Y9
3,000
63,000
4,500
0
F5
v2.cengagenow.com
Notes payable
Rent expense
0
$ 37,500
Common Stock Retained Earnings
Retained earnings
Salaries expense
Sales commissions
37,500 ✓
0 ✓
✓
Utilities expense
C CengageNOWv2 | Online teaching and learning resourc...
^
$
0
F6
0
✓
33,000 X
0
ox
X
MacBook Air
&
$
$52,500
F7
7,500
112,500
217,500
22,500
Total
0
0
37,500
0 X
0X
DII
FB
Email Instructor
F9
1
Re
Save and Exit
F10
Previou
Submit Assi
FI
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