Ask Question
3 November, 06:50

Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 112,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 150,000 Common stock issued in June 70,000 Retained earnings, June 1, 20Y9 1,610,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.

+3
Answers (1)
  1. 3 November, 07:44
    0
    As for the provided information, we have,

    Statement of Stockholder's Equity

    Date Common Stock Retained Earnings Total

    1 June $150,000 $1,610,000 $1,760,000

    Stock issued $70,000 $70,000

    Net income $112,000 $112,000

    Dividends ($26,000) ($26,000)

    30 June $220,000 $1,696,000 $1,916,000

    Note: Dividend is deducted from net income.

    And net income is a part of retained earnings.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers