Dog he revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow:Fees earnedOffice expenseMiscellaneous expenseWages expense640,000Kate Duffner invested an additional $15,000 in the business in exchange for common stock, and $50,000 of dividends were paid during the year. Common stock had abalance of $60,000 and retained earnings had a balance of $775,000 as of September 1, 20YS.Prepare a statement of stockholders' equity for the year ended August 31, 20Y6. If an amount box does not require an entry, leave it blank.A-One Travel ServiceStatement of Stockholders' EquityFor the Year Ended August 31, 20Y6Line Item DescriptionBalances, September 1, 20Y5Issued common stockNet income✓DividendsBalances August 31, 2016$1,150,000150,00045,000VCommon RetainedStock EarningsTotal0000

Statement of stockholder's equity is a section of balance sheet which shows the performance of the…

the revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned Office expense $1,150,000 150,000 Miscellaneous expense 45,000 Wages expense 640,000 Kate Duffner invested an additional $15,000 in the business in exchange for common stock, and $50,000 of dividends were paid during the year. Common balance of $60,000 and retained earnings had a balance of $775,000 as of September 1, 2015. Prepare a statement of stockholders' equity for the year ended August 31, 2016. If an amount box does not require an entry, leave it blank. A-One Travel Service Statement of Stockholders' Equity For the Year Ended August 31, 2016 Line Item Description Balances September 120Y5 Issued common stock Net income Dividends Balances, August 31, 2016 ✔ Common Stock QO000 Retained. Earnings Total 100000 100000

the revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned Office expense $1,150,000 150,000 Miscellaneous expense 45,000 Wages expense 640,000 Kate Duffner invested an additional $15,000 in the business in exchange for common stock, and $50,000 of dividends were paid during the year. Common balance of $60,000 and retained earnings had a balance of $775,000 as of September 1, 2015. Prepare a statement of stockholders' equity for the year ended August 31, 2016. If an amount box does not require an entry, leave it blank. A-One Travel Service Statement of Stockholders' Equity For the Year Ended August 31, 2016 Line Item Description Balances September 120Y5 Issued common stock Net income Dividends Balances, August 31, 2016 ✔ Common Stock QO000 Retained. Earnings Total 100000 100000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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