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on December 31, fighting okra service reports the following revenues and expense

ID: 2336902 • Letter: O

Question

on December 31, fighting okra service reports the following revenues and expenses on December 31, fighting okra service reports the following revenues and expenses on December 31, fighting okra service reports the following revenues and expenses on December 31, fighting okra service reports the following revenues and expenses on December 31, fighting okra service reports the following revenues and expenses lhelp Question 4 (of 7) 4 3.00 points At the beginning of 2018, Artichoke Academy reported a balance in common stock of $151,000 and a balance in retained eamings of $51,000. During the year, the i issued addtional shares of stock for $41,000 eamed net income of $31,000, and paid dividends of $10,100. In addition, the $ 52,700 $ 7,100 2,600 11,000 Ubites 24,500 Salaries payable Supplies Land 205,000 Notes payable 16,000 1. Prepare a statement of stockholders' equity Statement of Stockholders' Equity Total RetainedStockholders Common Stock $ 51,000$202,000 21 PDF

Explanation / Answer

Statement of share holder Equity at the end of year

in $

2. Balance sheet as on 31 dec

Particular Common stock Retain Earnin Total Shareholder equity Balance beggining of the year 151000 51000 202000 Add:- issue of share 41000 41000 Add: current year Income 31000 31000 less :- Dividend paid (10100) (10100) Balance end of the year 192000 71900 263900