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Statement of Stockholders Equity For the year ended December 31, Common Stock Par Retained $1 APIC Earnings Total Beginning Balance 20X0 Income 5,200 5,200 Contributions 1,500 98,500 100,000 Dividends/Distributions 5,200 Ending Balance Income 20X0 1,500 98,500 105,200 20X1 50,900 50,900 Contributions Dividends/Distributions Ending Balance Income 20X1 1,500 98,500 56,100 156,100 20X2 Contributions Dividends/Distributions Ending Balance 20X1 1,500 98,500 56,100 156,100

Statement of Stockholders Equity For the year ended December 31, Common Stock Par Retained $1 APIC Earnings Total Beginning Balance 20X0 Income 5,200 5,200 Contributions 1,500 98,500 100,000 Dividends/Distributions 5,200 Ending Balance Income 20X0 1,500 98,500 105,200 20X1 50,900 50,900 Contributions Dividends/Distributions Ending Balance Income 20X1 1,500 98,500 56,100 156,100 20X2 Contributions Dividends/Distributions Ending Balance 20X1 1,500 98,500 56,100 156,100

FINANCIAL ACCOUNTING
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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Fill in the given statement of equity from the provided adjusted trial balance

20X2 20X1 20X0 Adjusted TB Adjusted TB Adjusted TB Account DR CR DR CR DR CR Cash 50,000 80,000 85,900 Accounts Receivable 25,000 58,100 7,500 1,500 2,500 Inventory 4,000 2,000 Prepaid expense 1,000 3,000 Fixed Assets 220,000 110,000 100,000 AD 20,000 15,000 80 10,000 Current portion of LTD Accounts Payable Accrued Expense 10,000 10,000 7,200 1,200 2,500 5,000 4,000 3,000 Deferred revenue 2,000 3,000 4,000 Note Payable 45,000 60,000 70,000 Common Stock 1,500 1,500 1,500 APIC Retained earnings Sales Phone Sales 98,500 98,500 98,500 56,100 5,200 225,000 125,000 10,000 5,000 2,500 1,000 Cost of Goods Sold 150,600 50,000 80 Depreciation expense 5,000 14,200 80 Insurance 10,000 5,000 3,000 Interest 1,500 5,000 Property tax 2,500 2,400 1,200 469,600 469,600 328,700 328,700 204,200 204,200
Transcribed Image Text:20X2 20X1 20X0 Adjusted TB Adjusted TB Adjusted TB Account DR CR DR CR DR CR Cash 50,000 80,000 85,900 Accounts Receivable 25,000 58,100 7,500 1,500 2,500 Inventory 4,000 2,000 Prepaid expense 1,000 3,000 Fixed Assets 220,000 110,000 100,000 AD 20,000 15,000 80 10,000 Current portion of LTD Accounts Payable Accrued Expense 10,000 10,000 7,200 1,200 2,500 5,000 4,000 3,000 Deferred revenue 2,000 3,000 4,000 Note Payable 45,000 60,000 70,000 Common Stock 1,500 1,500 1,500 APIC Retained earnings Sales Phone Sales 98,500 98,500 98,500 56,100 5,200 225,000 125,000 10,000 5,000 2,500 1,000 Cost of Goods Sold 150,600 50,000 80 Depreciation expense 5,000 14,200 80 Insurance 10,000 5,000 3,000 Interest 1,500 5,000 Property tax 2,500 2,400 1,200 469,600 469,600 328,700 328,700 204,200 204,200
Company, Inc Statement of Stockholders Equity For the year ended December 31, Common Stock Par Retained $1 APIC Earnings Total Beginning Balance 20X0 Income 5,200 5,200 Contributions 1,500 98,500 100,000 Dividends/Distributions Ending Balance Income 20X0 1,500 98,500 5,200 105,200 20X1 50,900 50,900 Contributions Dividends/Distributions Ending Balance 98,500 20X1 1,500 56,100 156,100 Income 20X2 Contributions Dividends/Distributions Ending Balance 20X1 1,500 98,500 56,100 156,100
Transcribed Image Text:Company, Inc Statement of Stockholders Equity For the year ended December 31, Common Stock Par Retained $1 APIC Earnings Total Beginning Balance 20X0 Income 5,200 5,200 Contributions 1,500 98,500 100,000 Dividends/Distributions Ending Balance Income 20X0 1,500 98,500 5,200 105,200 20X1 50,900 50,900 Contributions Dividends/Distributions Ending Balance 98,500 20X1 1,500 56,100 156,100 Income 20X2 Contributions Dividends/Distributions Ending Balance 20X1 1,500 98,500 56,100 156,100
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