need help correcting my dividends mistake? Statement of Stockholders' Equity You...
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need help correcting my dividends mistake?
Statement of Stockholders' Equity You have been asked to assist with the prepar following balances: Common Stock at December 31, 2012 $5,900 Retained Earnings at December 31, 2012 8,400 Net Income during 2013 3,400 Dividends during 2013 1,150 Issuance of Common Stock during 2013 1,300 Required Prepare a statement of stockholders' equity for Maxx Company for 2013. MAXX COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2013 CommonStock RetainedEarnings Total Stockholders'Equity Balance at December 31, 2012 $ 5,900 $ 8,400 $ 14,300 Issuance of Common Stock 1,300 0 1,300 Net Income 3,400 3,400 Dividends Paid(Enter as negative) 1,150 x 1,150 x Balance at December 31, 2013 7,200 $ 12,950 * $ 20,150 x 0 0 $
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