The Spotless Cleaning company provides janitorial services for commercial customers. On December 31, 2019, the credit balance of the Common Stock and Retained Earnings accounts were $24,000 and $11,000, respectively. During 2020, the company issued $8,400 of stock, and paid $4,000 in dividends. The income statement resulted in a profit of $42,400.
Prepare a 2020 statement of stockholders' equity for Spotless Cleaning.

Question

The Spotless Cleaning company provides janitorial services for commercial customers. On December 31, 2019, the credit balance of the Common Stock and Retained Earnings accounts were $24,000 and $11,000, respectively. During 2020, the company issued $8,400 of stock, and paid $4,000 in dividends. The income statement resulted in a profit of $42,400. 
Prepare a 2020 statement of stockholders' equity for Spotless Cleaning.

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The Answer of The Spotless Cleaning company provides janitorial services for commercial customers. On December 31, 2019, the credit balance of the Common Stock and Retained Earnings accounts were $24,000 and $11,000, respectively. During 2020, the company issued $8,400 of stock, and paid $4,000 in dividends. The income statement resulted in a profit of $42,400. 
Prepare a 2020 statement of stockholders' equity for Spotless Cleaning.

The Spotless Cleaning Company Provides Janitorial Services for Commercial Customers