Accounting and Finance Foundations

Unit 7

Accounting and Finance Foundations Unit 7: Financial Statements 560

Financial Statements

Chapter 18

Statement of Owner’s Equity Lesson 18.2 (cont’d)

Statement of Owner’s Equity (Corporation)

Fitness Forever, Inc.

Statement of Stockholder’s Equity

For the Year Ended December 31, 20XX

Common

$ 90.00 Par Value

January 1, 20XX, 700 shares issued $63,000

Issued during Current Year, 100 Shares 9,000

Balance, December 31, 20XX, 800 Shares Issued $72,000

Retained

Balance, January, 20XX 97,500

Net Income for the Year Ended Dec. 31, 20XX $33,955

Less: Dividends Declared during Current Year 8,000

Net Increase in Retained Earnings 25,955

Balance, December 31, 20XX 123,455

Total Stockholder’s Equity, December 31, 20XX $195,455

Student Guide