Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Bryant...
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Statement of Stockholders' Equity and Balance Sheet The following is balance sheet information for Bryant Packaging Service at the end of 2019 and 2018: Accounts Payable Cash Accounts Receivable Equipment, net Notes Payable Supplies Common Stock Dividends Retained Earnings December 31, December 31, 2019 2018 $2,800 $2,600 11,000 12,000 23,800 19,500 33,000 31,000 21,000 21,000 5,700 5,200 6,000 6,000 13,000 a. Prepare a balance sheet as of December 31 of each year. BRYANT PACKAGING SERVICE Balance Sheet December 31, December 31, 2019 2018 ASSETS Accounts Receivable Supplies Equipment, net Total Assets LIABILITIES Accounts Payable Total Liabilities STOCKHOLDERS' EQUITY Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ b. Prepare a statement of stockholders' equity for 2019. (Hint: The increase in retained earnings is equal to net income less dividends.) Total BRYANT PACKAGING SERVICE Statement of Stockholders' Equity For Year Ended December 31, 2019 CommonStock RetainedEarnings Balance, December 31, 2018 Add: Net income for 2019 Less: Dividends for 2019(Enter as negative) Balance, December 31, 2019
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