Question

Prepare a statement of stockholders equity for the year ended April 30, 20Y5. Restoration Arts Statement of Stockholders EqCash Balances, May 1, 2014 Balances, April 30, 2015 Net income Net lossStatement of stockholders equity; net loss Selected accounts from the ledger of Restoration Arts for the fiscal year ended AArts for the fiscal year ended April 30, 2045, are as follows: ,000 ,500 Dividends 475,500 July 31 (2014) 1,250 Apr. 30 5,000

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Restoration Arts
Statement of Stockholders' Equity
For the year ended April 30,20Y5
Common Stock Retained Earnings Total
Balances, May 1, 20Y4 10000 475500 485500
Issuance of Common stock 7500 7500
Net loss -31200 -31200
Dividends -5000 -5000
Balances, April 30, 20Y5 17500 439300 456800
Add a comment
Know the answer?
Add Answer to:
Prepare a statement of stockholders' equity for the year ended April 30, 20Y5. Restoration Arts Statement...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Statement of stockholders' equity, net loss Selected accounts from the ledger of Restoration Arts for the...

    Statement of stockholders' equity, net loss Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2045, are as follows: Common Stock May 1 (2014) July 1 10,000 7,500 Dividends Retained Earnings 31,200 May 1 (2014) 5,000 Apr. 30 Apr 30 1.250 Apr. 30 July 31 (2014) Oct. 31 Jan. 31 Apr 30 (2014) 1.250 1.250 1.250 Prepare a statement of stockholders' equity for the year ended April 30, 2015 Restoration Arts Statement of Stockholders'...

  • april 30 4000 Statement of Owner's Equity; Net Loss Selected accounts from the ledger of Restoration...

    april 30 4000 Statement of Owner's Equity; Net Loss Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows: Doug Stone, Capital Doug Stone, Drawin April 30 4,000 May 1 (2018) 237,700 July 31 1,000 April 30 April 30 32,300 Oct. 31 1,000 Jan. 31 1,000 April 30 Prepare a statement of owner's equity for the year. Restoration Arts Statement of Owner's Equity For the Year Ended April 30, 2019 1,000

  • Statement of Owner's Equity; Net Loss Selected accounts from the ledger of Restoration Arts for the...

    Statement of Owner's Equity; Net Loss Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows: Doug Stone, Capital Doug Stone, Drawing April 30 4,400 May 1 (2018) 261,300 July 31 1,100 April 30 4,400 April 30 35,500 Oct. 31 1,100 Jan. 31 1,100 April 30 1,100 Prepare a statement of owner's equity for the year. Restoration Arts Statement of Owner's Equity For the Year Ended April 30, 2019 $ $...

  • Instructions Retained Earnings Statement Selected accounts from the ledger of Restoration Arts for the fiscal year...

    Instructions Retained Earnings Statement Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2018, are as follows: Restoration Arts Score: 31/53 Retained Earnings Statement Retained Earnings For the Year Ended April 30, 2018 ✓ Apr. 30 31.400 May 1 (2017) 467,500 1 Retained earnings, May 1, 2017 $467,500.00 Apr. 30 7,800 2 Net income 3 Dividends Dividends July 31 1,950 Apr. 30 7,800 4 Change in retained earnings 5 Retained earnings, April 30, 2018...

  • Instructions * Retained Earnings Statement Shaded cells have feedback. Selected accounts from the ledger of Restoration...

    Instructions * Retained Earnings Statement Shaded cells have feedback. Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2018, are as follows: Prepare a retained earnings statement for the year. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer...

  • Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended...

    Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees eamed $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 20YS. Prepare a statement of stockholders'...

  • Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year...

    Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2089, are as follows. COMMON STOCK 800,000 Jan. 1 Apr. 14 Balance Issued 12,000 shares Balance 360,000 1,160,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR 128,000 Jan. 1 Apr. 14 Balance Issued 12,000 shares Balance 84,000 212,000 Dec. 31 TREASURY STOCK Aug. 7 Purchased 2,000 shares 56,000 1,390,000 Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend...

  • Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year...

    Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,000,000 Apr. 14 Issued 15,000 shares 450,000 Dec. 31 Balance 1,450,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 160,000 Apr. 14 Issued 15,000 shares 105,000 Dec. 31 Balance 265,000 TREASURY STOCK Aug. 7 Purchased 2,500 shares 70,000 RETAINED EARNINGS Mar. 31 Dividend 26,000 Jan. 1 Balance 1,740,000 June. 30 Dividend...

  • Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year...

    Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,700,000 Apr. 14 Issued 18,600 shares 744,000 Dec. 31 Balance 2,444,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 272,000 Apr. 14 Issued 18,600 shares 148,800 Dec. 31 Balance 420,800 TREASURY STOCK Aug. 7 Purchased 3,100 shares 114,700 RETAINED EARNINGS Mar. 31 Dividend 44,000 Jan. 1 Balance 2,960,000 June. 30 Dividend...

  • Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year...

    Statement of Stockholders' Equity The stockholders’ equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows. COMMON STOCK Jan. 1 Balance 1,500,000 Apr. 14 Issued 17,400 shares 696,000 Dec. 31 Balance 2,196,000 PAID-IN CAPITAL IN EXCESS OF PAR Jan. 1 Balance 240,000 Apr. 14 Issued 17,400 shares 139,200 Dec. 31 Balance 379,200 TREASURY STOCK Aug. 7 Purchased 2,900 shares 107,300 RETAINED EARNINGS Mar. 31 Dividend 38,000 Jan. 1 Balance 2,610,000 June. 30 Dividend...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT