FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Statement of Stockholders' Equity

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

COMMON STOCK
  Jan. 1 Balance 1,500,000
  Apr. 14 Issued  
    17,400 shares 696,000
  Dec. 31 Balance 2,196,000


PAID-IN CAPITAL IN EXCESS OF PAR
  Jan. 1 Balance 240,000
  Apr. 14 Issued  
    17,400 shares 139,200
  Dec. 31 Balance 379,200


TREASURY STOCK
Aug. 7 Purchased    
  2,900 shares 107,300  


RETAINED EARNINGS
Mar. 31 Dividend 38,000 Jan. 1 Balance 2,610,000
June. 30 Dividend 38,000 Dec. 31 Closing  
Sept. 30 Dividend 38,000   (Net income) 392,000
Dec. 31 Dividend 38,000 Dec. 31 Balance 2,850,000

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. Also, if an amount reduces Stockholders' Equity, then add "minus" sign.

I-Cards Inc.
Statement of Stockholders' Equity
For the Year Ended December 31, 20Y9
  Common Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total
Balance, Jan. 1, 20Y9 $ $ $ $ $
Issued 17,400 shares of Common Stock          
Purchased 2,900 shares as Treasury Stock          
Net Income          
Dividends          
Balance, Dec. 31, 20Y9 $ $ $ $ $
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