av2.cengagenow.com Cengage CengageNOWv2 I Online teaching and learning resource

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av2.cengagenow.com Cengage CengageNOWv2 I Online teaching and learning resource fro CC 113 CH 12 HOMEWORK eBook Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the year ended December 31, 20Y9, are as follows. Common Stock . Balance 1,200,000 Apr. 14Issued 558,000 1,758,000 18,600 shares Dec. 31 Balance Paid-In Capital in Excess of Par an. 1 Apr. 14 Balance 192,000 Issued 600 shares Dec. 31 Balance 322,200 Treasury Stock Aug. 7 Purchased 3,100 shares 86,800 Retained Earnings Check My Work Assignment Score: 12% All work saved.

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Note: Debit balances and deductions such as treasury stock and dividends have been shown with a negative sign.

I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $30 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 1200000 192000 2090000 3482000 Issued 18600 Shares of Common Stock 558000 130200 688200 Purchased 3,100 Shares as Treasury Stock -86800 -86800 Net Income 314000 314000 Dividends -124000 -124000 Balance, Dec. 31, 20Y9 1758000 322200 86800 2280000 4273400

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