Catena's Marketing Company has the following adjusted trial balance at the end of the current...
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Accounting
Catena's Marketing Company has the following adjusted trial balance at the end of the current year Cash dividends of $600 were declared at the end of the year, and 540 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2160 in cash (for a total at the end of the year of 840 shares). These effects are included below Catena's Marketing Company Adjusted Trial Balance End of the current Year Debit Credit Cash $ 1,600 Accounts receivable 2,250 Interest receivable 110 Prepaid insurance 1,690 Long-tern notes receivable 2,900 Equipment 15,700 Accumulated depreciation $ 2,960 Accounts payable 2.220 Dividends payable 600 Accrued expenses payable 3,820 Income taxes payable 2.610 Unearned rent revenue 490 Common Stock (840 shares) Additional paid.in capital 3,616 retained carnings 4.140 Sales revenue 36,650 Interest revenue 110 Hent revenue Wages Expense Depreciation pense Wages expense Depreciation expense utilities expense Insurance expense Rent expense Income tax expense Total 18,000 1,750 400 780 9,000 2,720 $57,900 $152.900 Prepare a statement of stockholders equity for the current year. (Reductions in account balances should be indicated with a minus sign.) CATENAS MARKETING COMPANY Statement of Stockholders Equity For the current year Common Additional Stock Paid in Capital Retained Earnings Total Stockholders Equity 84 Balance, January 1 Share Issuance Net Income Dividends declared (600) (600) Balance, December 31


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