Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 8.00

I-Cards Inc.

EX 11-19 Statement of stockholders’ equity                                                     ObJ.  5

The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows. Prepare a statement of stockholders’ equity for the fiscal year ended December 31, 2016.

 

Jan.    1

Balance

4,800,000

Apr. 14

Issued

 

 

30,000 shares

1,200,000

Dec. 31

Balance

6,000,000

 

 

                                                                                                COMMON STOCK

 

 

 

PAID-IN CAPITAL IN EXCESS OF PAR

 

TREASuRY STOCK

 

RETAINED EARNINGS

 

Mar.  31

Dividend

69,000

Jan.    1

Balance

11,375,000

June 30

Dividend

69,000

Dec. 31

Closing

 

Sept. 30

Dividend

69,000

 

(net income)

   3,780,000

Dec.  31

Dividend

69,000

Dec. 31

Balance

14,879,000

 

Answers

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Status NEW Posted 20 Aug 2017 07:08 PM My Price 8.00

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