FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Using the data provided, produce the statemtn of stockholders equity

On December 1, 2019, SoccerBox Inc. started operations. The following transactions occurred during December 2019.

NOTE: There are no beginning balances-this is a new company.

 

Dec 1

Randol Espy invested $80,000 cash in the company for common stock.

2

SoccerBox purchased soccer equipment for $20,000 cash.

2

SoccerBox rented an old warehouse for $30,000 cash for the first year's (December 2019-November 2020) rent.

3

SoccerBox purchased $500 of office supplies with cash.

10

SoccerBox paid $12,000 cash for an annual insurance policy.

14

SoccerBox paid $4,000 cash for the first payroll earned by its employees.

24

SoccerBox received $85,000 cash from soccer fees paid by parents for a private youth soccer lesson.

28

SoccerBox paid $4,000 cash for 2 weeks' salaries earned by its employees.

29

SoccerBox paid $200 cash for minor repairs to its soccer equipment.

30

SoccerBox paid $150 cash for this month's telephone bill.

30

Dividends of $1,000 cash were paid by SoccerBox to its current shareholders.

what would the statement of stockholders equity be in the following chart attached?

6.
SoccerBox Inc.
Statement of Stockholder's Equity
For the year ended December 31, 2019
1
Totral
Retained
Stockholder's
Common Stock
Earnings
Equity
4 Beginning Balance, December 1, 2019
8 Ending Balance, December 31, 2019
6.
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Transcribed Image Text:6. SoccerBox Inc. Statement of Stockholder's Equity For the year ended December 31, 2019 1 Totral Retained Stockholder's Common Stock Earnings Equity 4 Beginning Balance, December 1, 2019 8 Ending Balance, December 31, 2019 6.
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