Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

تمرين 60

Preparing a Statement of Stockholders' Equity
On December 31, 2011, WER Productions reported $100,000 of contributed capital and $20,000 of retained earnings. During 2012, the company had the following transactions. Prepare a statement of stockholders' equity for the year ended December 31, 2012.
a. Issued stock for $50,000.
b. Declared and paid a cash dividend of $5,000.
c. Reported total revenue of $ 120,000 and total expenses of $87,000.