Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,400,000 Aprг. 14 Issued 16,200 shares Balance 648,000 Dec. 31 2,048,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 224,000 Aprг. 14 Issued 16,200 shares Balance (> 129,600 Dec. 31 353,600 TREASURY STOCK Aug. 7 Purchased 2,700 shares 99,900 RETAINED EARNINGS 36,000 Jan. 1 36,000 Dec. 31 Mar. 31 Balance Dividend 2,440,000 Dividend Closing June. 30 RETAINED EARNINGS 36,000 Jan. 1 36,000 Dec. 31 Dividend Balance Mar. 31 June. 30 2,440,000 Dividend Closing Sept. 30 Dividend (Net income) 36,000 366,000 Dec. 31 36,000 Dec. 31 Balance Dividend 2,662,000 Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $40 Par Paid-In Capital in Excess of Par Treasury StockRetained Earnings Total Balance, Jan. 1, 20Y9 Issued 16,200 shares of Common Stock Purchased 2,700 shares as Treasury Stock Net Income Dīvidends Balance, Dec. 31, 20Y9
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,400,000 Aprг. 14 Issued 16,200 shares Balance 648,000 Dec. 31 2,048,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 224,000 Aprг. 14 Issued 16,200 shares Balance (> 129,600 Dec. 31 353,600 TREASURY STOCK Aug. 7 Purchased 2,700 shares 99,900 RETAINED EARNINGS 36,000 Jan. 1 36,000 Dec. 31 Mar. 31 Balance Dividend 2,440,000 Dividend Closing June. 30 RETAINED EARNINGS 36,000 Jan. 1 36,000 Dec. 31 Dividend Balance Mar. 31 June. 30 2,440,000 Dividend Closing Sept. 30 Dividend (Net income) 36,000 366,000 Dec. 31 36,000 Dec. 31 Balance Dividend 2,662,000 Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $40 Par Paid-In Capital in Excess of Par Treasury StockRetained Earnings Total Balance, Jan. 1, 20Y9 Issued 16,200 shares of Common Stock Purchased 2,700 shares as Treasury Stock Net Income Dīvidends Balance, Dec. 31, 20Y9
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 22E
Related questions
Question
can you help me solve this please
Transcribed Image Text:Statement of Stockholders' Equity
The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows.
COMMON STOCK
Jan. 1
Balance
1,400,000
Aprг. 14
Issued
16,200 shares
Balance
648,000
Dec. 31
2,048,000
PAID-IN CAPITAL IN EXCESS OF PAR
Jan. 1
Balance
224,000
Aprг. 14
Issued
16,200 shares
Balance
(>
129,600
Dec. 31
353,600
TREASURY STOCK
Aug. 7
Purchased
2,700 shares
99,900
RETAINED EARNINGS
36,000 Jan. 1
36,000 Dec. 31
Mar. 31
Balance
Dividend
2,440,000
Dividend
Closing
June. 30
Transcribed Image Text:RETAINED EARNINGS
36,000 Jan. 1
36,000 Dec. 31
Dividend
Balance
Mar. 31
June. 30
2,440,000
Dividend
Closing
Sept. 30
Dividend
(Net income)
36,000
366,000
Dec. 31
36,000 Dec. 31
Balance
Dividend
2,662,000
Prepare a statement of stockholders' equity for the year ended December 31, 20Y9.
If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.
I-Cards Inc.
Statement of Stockholders' Equity
For the Year Ended December 31, 20Y9
Common Stock $40 Par Paid-In Capital in Excess of Par
Treasury StockRetained Earnings
Total
Balance, Jan. 1, 20Y9
Issued 16,200 shares of Common Stock
Purchased 2,700 shares as Treasury Stock
Net Income
Dīvidends
Balance, Dec. 31, 20Y9
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Accounting (Text Only)
Accounting
ISBN:
9781285743615
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning