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 |
1,800,000 |
|
Apr. 14 |
Issued |
|
|
|
16,200 shares |
810,000 |
|
Dec. 31 |
Balance |
2,610,000 |
PAID-IN CAPITAL
IN EXCESS OF PAR |
|
Jan. 1 |
Balance |
288,000 |
|
Apr. 14 |
Issued |
|
|
|
16,200 shares |
194,400 |
|
Dec. 31 |
Balance |
482,400 |
TREASURY
STOCK |
Aug. 7 |
Purchased |
|
|
|
2,700 shares |
129,600 |
|
RETAINED
EARNINGS |
Mar. 31 |
Dividend |
46,000 |
Jan. 1 |
Balance |
3,130,000 |
June. 30 |
Dividend |
46,000 |
Dec. 31 |
Closing |
|
Sept. 30 |
Dividend |
46,000 |
|
(Net income) |
470,000 |
Dec. 31 |
Dividend |
46,000 |
Dec. 31 |
Balance |
3,416,000 |
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 $50 Par |
Paid-In Capital in Excess
of Par |
Treasury Stock |
Retained Earnings |
Total |
Balance, Jan. 1, 20Y9 |
$ |
$ |
$ |
$ |
$ |
Issued 16,200 Shares of Common Stock |
|
|
|
|
|
Purchased 2,700 Shares as Treasury
Stock |
|
|
|
|
|
Net Income |
|
|
|
|
|
Dividends |
|
|
|
|
|
Balance, Dec. 31, 20Y9 |
$ |
$ |
$ |
$ |
$ |