Business, 11.09.2019 03:30 fatboicroi

At the beginning of year 1, a company reported a balance in common stock of $154,000 and a balance in retained earnings of $54,000. during the year, the company issued additional shares of stock for $44,000, earned net income of $34,000, and paid dividends of $10,400. in addition, the company reported balances for the following assets and liabilities on december 31. assets liabilities cash $ 53,000 accounts payable $ 8,600 supplies 11,300 utilities payable 3,200 prepaid rent 26,000 salaries payable 3,900 land 220,000 notes payable 19,000 required: prepare a statement of stockholders’ equity. prepare a balance sheet.

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At the beginning of year 1, a company reported a balance in common stock of $154,000 and a balance i...

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