Question

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Print Item of Equity 30 NKSHEETAL. GO The stockholdens' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows 1,400,000 Issued 16,200 shares Balance 14 ANKSHEETAL. 尅8.000 2,048,000 PAID-IN CAPITAL İN EXCESS OF PAR 16,200 shares 129.00 353,600 Dec. 31 Balance 2,700 shares 2,440,000 Mar. 31 June. 30 Sept. 30 2 355.000 36,o00 pe(Net i2.662,000 Dividend ぐ. 1, EX13-01 ALGO 2、EX1 3. EX13-08 ALGO Aug. 7 2,700 shares ne. 30 Sept. 30 Dec. 31 2 Didend Dividend (Net income) 36,000pec. 31 alano EX13-23ALOO Prepare a statement of stecksholdens equity for the year ended Decamber 31, 2s entry is not required, leave the bex biankAso, an amount reduces Stockhoiders'Equity, then add "minus" sign Balance, Jan. 1.20 Purchased 2,200 shares as Treasury Stock Net Income 4 0 2 3

Answer 1

l Card Incs Statement of Staockholders' Equity For the year ended 31 December 20Y9 Common Stock Paid in Capital in Retained Particulars Treasury Stock Total $40 p $1,400,000 excess of Par Earnings Balance Jan 1 20Y9 Issued 16200 share of Common Stock Purchase 2700 shares as Treasury Stock Net Income Dividends Balance Dec 31 20Y9 $224,000 $129,600 $2,440,000 $4,064,000 $777,600 ($99,900) $366,000 $144,000 $4,963,700 $648,000 ($99,900) $366,000 ($144,000) $2,662,000 $2,048,000 $353,600 $99,900