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Construct the statement of stockholders equity

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Reference no: EM131817083

Below is a portion of Company X's Balance Sheet as of December 31, 2016

Common Stock, Par Value $1; Authorized Shares 25,000; Shares Issued and Outstanding 2,000 2,000
Additional Paid in Capital 1,110
Retained Earnings 14,455
Total Stockholder's Equity 17,565

2017 Events:

1,200 Shares of common stock were issued for $2,000

Dividends were declared but UNPAID in the amount of 1375

Bobcat Realty re-purchased $500 of its own stock at par value

Revenues for 2017 were 147,560

Expenses for 2017 were 119,350

a. Construct the Statement of Stockholders' Equity for 2017

b. Show any adjusting journal entries

Reference no: EM131817083

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