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Home > Education > Homework Help > Finance & Accounting   »   17th ed Fundamental Accounting Principles

 
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Old Jul 24, 2006, 11:34 PM
felixdee1
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17th ed Fundamental Accounting Principles

Marble Corp had the following balances in its stockholder's equity accounts at Dec 31, 20004:

Common Stock, $10 par, 50,000 shares authorized,
20,000 shares issues $200,000
Contributed Capital in Excess of Par Value, common 250,000
Retained Earnings 500,000
Treasury Stock, 1000 shares (20,000)
Total Stockholder's equity $930,000

The following transaction occured during 2005:
Feb 3 Sold and issued 3,000 shares of common stock for $22 per share
May 10 Declared a $0.50 per share dividend on common stock
Oct 12 Sold 500 shares of treasury stock for $20 per share
Dec 31 Net income for the year was determined to be $75,000

Based on the above info, prepare a statement of stockholders' equity for 2005

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