Catena's Marketing Company has the following adjusted trial balance at the end of the current...
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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $615 were declared at the end of the year, and 500 additional shares of common stock ( $0.10 par value per share) were issued at the end of the year for $3,060 in cash (for a total at the end of the year of 830 shares). Beginning balances for stockholders' equity accounts are: Common stock, \$33; Additional paid-in capital, $685; and Retained earnings, $2,030. These effects are included below: Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign. Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign
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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $615 were declared at the end of the year, and 500 additional shares of common stock ( $0.10 par value per share) were issued at the end of the year for $3,060 in cash (for a total at the end of the year of 830 shares). Beginning balances for stockholders' equity accounts are: Common stock, \$33; Additional paid-in capital, $685; and Retained earnings, $2,030. These effects are included below: Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign. Prepare a statement of stockholders' equity for the current year. Note: Reductions in account balances should be indicated with a minus sign 