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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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