Homework Answers
| Organic Products Company | |||
| Statement of Stockholders' Equity | |||
| For the Month Ended June 30, 20Y9 | |||
| Common Stock | Retained Earnings | Total | |
| Balances, June 1, 20Y9 | $ 180,000 | $ 1,630,000 | $ 1,810,000 |
| Issued common stock | 50,000 | - | 50,000 |
| Net income | - | 115,000 | 115,000 |
| Dividends | - | (25,000) | (25,000) |
| Balances, June 30, 20Y9 | $ 230,000 | $ 1,720,000 | $ 1,950,000 |
| The statement of stockholders' equity is prepared before the June 30, 20Y9, balance sheet because common stock and retained earnings as of June 30, 20Y9, are needed for the June 30, 20Y9, balance sheet. | |||
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Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June...
Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June...
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 Dividends paid in June Common stock, June 1, 20Y9 Common stock issued in June Retained earnings, June 1, 20Y9 1,680,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9 119,000 25,000 200,000 40,000 Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y9 Common Stock Retained...
Statement of Stockholders' Equity Shaded cells have feedback Instructions Financial Information related to Organic Products Company...
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EX 1-18 Retained earnings statement Financial information related to Healthy Products Company for the month ended November 30, 2018, is as follows: Obj. 5 SHOW ME HOW EXCEL TEMPLATE Net income for November Cash dividends paid during November Retained earnings, November 1, 2018 $ 93,500 7,000 2,940,000 A. Prepare a retained earnings statement for the month ended November 30, 2018. B.Why is the retained earnings statement prepared before the November 30, 2018, balance sheet?
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