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Statement of stockholders equity Financial information related to Organic Products Company for...

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Accounting

Statement of stockholders equity
Financial information related to Organic Products Company for the month ended June 30,20Y9, is as follows:
Net income for June $ 111,000
Dividends paid in June 25,000
Common stock, June 1,20Y9180,000
Common stock issued in June 40,000
Retained earnings, June 1,20Y91,590,000
Question Content Area
a. Prepare a statement of stockholders equity for the month ended June 30,20Y9.
Organic Products Company
Statement of Stockholders Equity
For the Month Ended June 30,20Y9
blank Common Stock Retained Earnings Total
Cash
$Cash
$Cash
$Cash
- Select -
- Select -
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$- Select -
$- Select -
$- Select -
Question Content Area
b. Why is the statement of stockholders equity prepared before the June 30,20Y9, balance sheet?
The statement of stockholders equity is prepared before the June 30,20Y9, balance sheet because
as of June 30,20Y9, are needed for the June 30,20Y9, balance sheet.

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