Question

3 of 4 (3 complete) June 30, 2018, follow calculate the change in the stockholders' equity during a period. (Abbreviations used Beg. equity = 0 Requirement divid For each of the following situations that occurred in June, 2018 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2018 a. The company issued $7.500 of common stock and paid no dividends. b. The company issued no common stock. It paid cash dividends of $4.000 c. The company issued $10,000 of common stock and paid cash dividends of $22.000 Print Done answer Clear All

Answer 1

Accounting cacation: Assels = labppa Hes teaceity May 31,2018 Assets - liabplohes > Caceity $ 144.co - $ 122,000 =$ 22000 Jane 30, 2018 $ 263,000-$ 88,000= $175,000 a. Shade holders eauity equation! Beg.caceity common stock'ssued +Ner Grcome or-netloss - Dividends - End eacây. End.eacefty-Beg equity--Commonstock + dividends : Net irconelloss $175,000 - $22000 -7.500+0 = $ 145,500 o Netcome Clogs) - $ 145,500 b. Endeaceity - Beg. Eaceftycomon stockt dividends-Net reovelles $175000 - $22000 - 0 + $ 4,000 - $157,000 Net frcome Class) - $ 157,000 CEnd. Cacéty- Beg equity Comes stock+dridends : Net Pnconelloss $175,000 - $ 22000 - $10,000+$22000 = $ 165,000 wer Pncome Class) = $ 165,000