Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 115,000 Dividends paid in June 28,000 Common stock, June 1, 20Y9 170,000 Common stock issued in June 40,000 Retained earnings, June 1, 20Y9 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y9 Common Stock Retained Earnings Total Balances, June 1, 20Y9 $ 1,630,000 Issued common stock ▼ 40,000 40,000 Net income 115,000 115,000 Dividends 28,000 28,000 Balances, June 30, 20Y9 - 1,717,000

Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 115,000 Dividends paid in June 28,000 Common stock, June 1, 20Y9 170,000 Common stock issued in June 40,000 Retained earnings, June 1, 20Y9 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y9 Common Stock Retained Earnings Total Balances, June 1, 20Y9 $ 1,630,000 Issued common stock ▼ 40,000 40,000 Net income 115,000 115,000 Dividends 28,000 28,000 Balances, June 30, 20Y9 - 1,717,000

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter4: The Accounting Cycle

Section: Chapter Questions

Problem 8E: Statement of stockholders equity Climate Control Systems Co. offers its services to residents in the...

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