EX 13-19 Statement of stockholders’ equity
The stockholders’ equity T accounts of Life’s Greeting Cards Inc. for the current fiscal year ended December 31, 2012, are as follows. Prepare a statement of stockholders’ equity for the fiscal year ended December 31, 2012.
|
COMMON STOCK |
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|
Jan. 1 |
Balance |
3,000,000 |
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|
Mar. 7 |
Issued |
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|
Dec. 31 |
27,000 shares |
1,350,000 |
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|
Balance |
4,350,000 |
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|
PAID-IN CAPITAL IN EXCESS OF PAR |
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|
Jan. 1 |
Balance |
480,000 |
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|
Mar. 7 |
Issued |
||||
|
27,000 shares |
324,000 |
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|
Dec. 31 |
Balance |
804,000 |
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|
TREASURY STOCK |
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|
Aug. 7 |
Purchased |
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|
4,500 shares |
216,000 |
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|
RETAINED EARNINGS |
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|
Mar. 31 |
Dividend |
37,500 |
Jan. 1 |
Balance |
5,220,000 |
|
June 30 |
Dividend |
37,500 |
Dec. 31 |
Closing |
|
|
Sept. 30 |
Dividend |
37,500 |
(net income) |
765,000 |
|
|
Dec. 31 |
Dividend |
37,500 |
Dec. 31 |
Balance |
5,835,000 |