Statement of stockholders' equity
Financial information related to All Seasons Company for the month ended June 30, 2077, is as follows:
Common stock, June 1, 2047 $30,000 Stock issued in June 20,000 Net income for June 87,500 Dividends during June 15,000 Retained earnings, June 1, 2017 145,000
Prepare a statement of stockholders' equity for the month ended June 30, 2017. If an amount is zero, enter "0".
Homework Answers
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| All Seasons | |||
| Particulars | Common Stock | Retained Earnings | Total |
| Opening Balance | 30,000.00 | 145,000.00 | 175,000.00 |
| Add: Stock Issued | 20,000.00 | - | 20,000.00 |
| Add: Net Income | - | 87,500.00 | 87,500.00 |
| Less: Dividends | - | (15,000.00) | (15,000.00) |
| Closing Balance | 50,000.00 | 217,500.00 | 267,500.00 |
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