Total stockholders' equity on June 1 for X Company was $15,518. During June, X Company earned revenue of $14,691, incurred expenses of $9,383, paid dividends of $1,428 and issued common stock for $1,297. Total stockholders' equity on June 30 was

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 22E
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Total stockholders' equity on June 1 for X Company was
$15,518. During June, X Company earned revenue of
$14,691, incurred expenses of $9,383, paid dividends of
$1,428 and issued common stock for $1,297. Total
stockholders' equity on June 30 was
Transcribed Image Text:Total stockholders' equity on June 1 for X Company was $15,518. During June, X Company earned revenue of $14,691, incurred expenses of $9,383, paid dividends of $1,428 and issued common stock for $1,297. Total stockholders' equity on June 30 was
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