The stockholders equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9,...
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Accounting
The stockholders equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows.
Common Stock
Jan. 1 Balance
4,800,000
Apr. 14 Issued 30,000 shares
1,200,000
Dec. 31 Balance
6,000,000
Paid-in Capital in Excess of Par
Jan. 1 Balance
960,000
Apr. 14 Issued 30,000 shares
300,000
Dec. 31 Balance
1,260,000
Treasury Stock
Aug. 7 Purchased 12,000 shares
552,000
Retained Earnings
Mar. 31 Dividend
69,000
Jan. 1 Balance
11,375,000
June 30 Dividend
69,000
Sept. 30 Dividend
69,000
Dec. 31 Closing (net income)
3,780,000
Dec. 31 Dividend
69,000
Dec. 31 Balance
14,879,000
Prepare a statement of stockholders equity for the year ended December 31, 20Y9 using the table provided. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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