Stock, ported the following results for the month ended October 31: e is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,500,000; and Retained Earnings, $12,000,000. During October, Noric issued for cash
of $1) at $18 per share. Noric reported the following results for the month ended October 31:
month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an
nk.
s' Equity
cober 31
Show Me
dditional
aid-In
Capital
00
Retained
Earnings Total
00000
Transcribed Image Text:the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,500,000; and Retained Earnings, $12,000,000. During October, Noric issued for cash of $1) at $18 per share. Noric reported the following results for the month ended October 31: month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an nk. s' Equity cober 31 Show Me dditional aid-In Capital 00 Retained Earnings Total 00000
Statement of stockholders' equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,500,000; and Retained Earnings, $12,000
40,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31:
$2,300,000
490,000
Net income
Cash dividends declared
Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a n
amount box does not require an entry, leave it blank.
Line Item Description
Balances, October 1
Issued Common Stock
Net Income
Dividends
Noric Cruises Inc.
Statement of Stockholders' Equity
For the Month Ended October 31
Balances, October 31
Feedback
Check My Work
Common
Stock
Show Me How
Additional
Paid-In
Capital
S
Retained
Earnings Total
00000
Transcribed Image Text:Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,500,000; and Retained Earnings, $12,000 40,000 shares of common stock (with a stated value of $1) at $18 per share. Noric reported the following results for the month ended October 31: $2,300,000 490,000 Net income Cash dividends declared Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a n amount box does not require an entry, leave it blank. Line Item Description Balances, October 1 Issued Common Stock Net Income Dividends Noric Cruises Inc. Statement of Stockholders' Equity For the Month Ended October 31 Balances, October 31 Feedback Check My Work Common Stock Show Me How Additional Paid-In Capital S Retained Earnings Total 00000
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