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Marble Corporation Had the Following Balances in Its Stockholders' Equity

Question 124

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Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2012:
 Common Stock, $10 par, 50,000 shares authorized, 20,000 shares issued $200,000 Contributed Capital in Excess of Par Value, Common 250,000 Retained Earnings 500,000 Treasury Stock, 1,000 shares (20,000) Total stockholders’ equity $930,000\begin{array}{|l|r|}\hline \text { Common Stock, } \$ 10 \text { par, } 50,000 \text { shares authorized, 20,000 shares issued } & \$ 200,000 \\\hline \text { Contributed Capital in Excess of Par Value, Common } & 250,000 \\\hline \text { Retained Earnings } & 500,000 \\\hline \text { Treasury Stock, 1,000 shares } & (20,000) \\\hline \text { Total stockholders' equity } & \$ 930,000 \\\hline\end{array} The following transactions occurred during 2013:
 Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2012:   \begin{array}{|l|r|} \hline \text { Common Stock, } \$ 10 \text { par, } 50,000 \text { shares authorized, 20,000 shares issued } & \$ 200,000 \\ \hline \text { Contributed Capital in Excess of Par Value, Common } & 250,000 \\ \hline \text { Retained Earnings } & 500,000 \\ \hline \text { Treasury Stock, 1,000 shares } & (20,000) \\ \hline \text { Total stockholders' equity } & \$ 930,000 \\ \hline \end{array}  The following transactions occurred during 2013:    Based on the above information, prepare a statement of stockholders' equity for 2013. Use the form below.    Based on the above information, prepare a statement of stockholders' equity for 2013. Use the form below.
 Marble Corporation had the following balances in its stockholders' equity accounts at December 31, 2012:   \begin{array}{|l|r|} \hline \text { Common Stock, } \$ 10 \text { par, } 50,000 \text { shares authorized, 20,000 shares issued } & \$ 200,000 \\ \hline \text { Contributed Capital in Excess of Par Value, Common } & 250,000 \\ \hline \text { Retained Earnings } & 500,000 \\ \hline \text { Treasury Stock, 1,000 shares } & (20,000) \\ \hline \text { Total stockholders' equity } & \$ 930,000 \\ \hline \end{array}  The following transactions occurred during 2013:    Based on the above information, prepare a statement of stockholders' equity for 2013. Use the form below.

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