Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Maxx Company for the year ended December 31, Year 2. You determine the following balances: Common Stock at December 31, Year 1 Retained Earnings at December 31, Year 1 Net Income during Year 2 Dividends during Year 2 Issuance of Common Stock during Year 2 Required Prepare a statement of stockholders' equity for Maxx Company for Year 2. MAXX COMPANY Statement of Stockholders' Equity For the Year Ended December 31, Year 2 Balance at December 31, Year 1 Issuance of Common Stock Net Income Dividends Paid(Enter as negative) Balance at December 31, Year 2 $6,500 9,000 4,000 250 400 CommonStock Retained Earnings Total Stockholders'Equity S $ 0$ 0 0 0 0$ 0$ 0 0 0 0$ 0 0 000
Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Maxx Company for the year ended December 31, Year 2. You determine the following balances: Common Stock at December 31, Year 1 Retained Earnings at December 31, Year 1 Net Income during Year 2 Dividends during Year 2 Issuance of Common Stock during Year 2 Required Prepare a statement of stockholders' equity for Maxx Company for Year 2. MAXX COMPANY Statement of Stockholders' Equity For the Year Ended December 31, Year 2 Balance at December 31, Year 1 Issuance of Common Stock Net Income Dividends Paid(Enter as negative) Balance at December 31, Year 2 $6,500 9,000 4,000 250 400 CommonStock Retained Earnings Total Stockholders'Equity S $ 0$ 0 0 0 0$ 0$ 0 0 0 0$ 0 0 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of
stockholders' equity for Maxx Company for the year ended December 31, Year 2. You determine the following
balances:
Common Stock at December 31, Year 1
$6,500
Retained Earnings at December 31, Year 1 9,000
Net Income during Year 2
4,000
250
400
Dividends during Year 2
Issuance of Common Stock during Year 2
Required
Prepare a statement of stockholders' equity for Maxx Company for Year 2.
MAXX COMPANY
Statement of Stockholders' Equity
For the Year Ended December 31, Year 2
Balance at December 31, Year 1
Issuance of Common Stock
Net Income:
Dividends Paid(Enter as negative)
Balance at December 31, Year 2
CommonStock Retained Earnings Total Stockholders'Equity
0 $
$
$
0 $
0
0
0
0 $
0
0
0
0 $
0
0
0
0
0
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