Homework Help is Here – Start Your Trial Now!
Business
Accounting
Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock   Jan. 1 Balance 900,000   Apr. 14 Issued       13,200 shares 396,000   Dec. 31 Balance 1,296,000 Paid-In Capital in Excess of Par   Jan. 1 Balance 144,000   Apr. 14 Issued       13,200 shares 92,400   Dec. 31 Balance 236,400 Treasury Stock Aug. 7 Purchased       2,200 shares 61,600   Retained Earnings Mar. 31 Dividend 23,000 Jan. 1 Balance 1,570,000 June. 30 Dividend 23,000 Dec. 31 Closing   Sept. 30 Dividend 23,000   (Net income) 236,000 Dec. 31 Dividend 23,000 Dec. 31 Balance 1,714,000   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.

Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock   Jan. 1 Balance 900,000   Apr. 14 Issued       13,200 shares 396,000   Dec. 31 Balance 1,296,000 Paid-In Capital in Excess of Par   Jan. 1 Balance 144,000   Apr. 14 Issued       13,200 shares 92,400   Dec. 31 Balance 236,400 Treasury Stock Aug. 7 Purchased       2,200 shares 61,600   Retained Earnings Mar. 31 Dividend 23,000 Jan. 1 Balance 1,570,000 June. 30 Dividend 23,000 Dec. 31 Closing   Sept. 30 Dividend 23,000   (Net income) 236,000 Dec. 31 Dividend 23,000 Dec. 31 Balance 1,714,000   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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Statement of Stockholders' Equity

The stockholders’ equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows.

Common Stock
  Jan. 1 Balance 900,000
  Apr. 14 Issued  
    13,200 shares 396,000
  Dec. 31 Balance 1,296,000


Paid-In Capital in Excess of Par
  Jan. 1 Balance 144,000
  Apr. 14 Issued  
    13,200 shares 92,400
  Dec. 31 Balance 236,400


Treasury Stock
Aug. 7 Purchased    
  2,200 shares 61,600  


Retained Earnings
Mar. 31 Dividend 23,000 Jan. 1 Balance 1,570,000
June. 30 Dividend 23,000 Dec. 31 Closing  
Sept. 30 Dividend 23,000   (Net income) 236,000
Dec. 31 Dividend 23,000 Dec. 31 Balance 1,714,000

 

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.

I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $30 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 Issued 13,200 Shares of Common Stock Purchased 2,200 Shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9
Transcribed Image Text:I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $30 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 Issued 13,200 Shares of Common Stock Purchased 2,200 Shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Dividends
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS