The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2018, the balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2019, the company issued $4,200 of stock, and paid $2,000 in dividends. The income statement resulted in a net income of $21,200.
Prepare a 2019 statement of stockholders' equity for The Cleaning Authority.

Question

The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2018, the balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2019, the company issued $4,200 of stock, and paid $2,000 in dividends. The income statement resulted in a net income of $21,200. 
Prepare a 2019 statement of stockholders' equity for The Cleaning Authority.

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The Answer of The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2018, the balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2019, the company issued $4,200 of stock, and paid $2,000 in dividends. The income statement resulted in a net income of $21,200. 
Prepare a 2019 statement of stockholders' equity for The Cleaning Authority.

The Cleaning Authority Provides Janitorial Services for Commercial Customers