Use the following information to prepare a statement of stockholders' equity for the year end ed December
31, 2011.
E. Flynn Company had $100,000 of contributed capital and $35,000 of retained earnings at January 1, 2011. The following transactions occurred during the year 2011:
- Issued stock to investors for cash, $42,000.

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The Answer of Use the following information to prepare a statement of stockholders' equity for the year end ed December
31, 2011.
E. Flynn Company had $100,000 of contributed capital and $35,000 of retained earnings at January 1, 2011. The following transactions occurred during the year 2011:
- Issued stock to investors for cash, $42,000.

Use the Following Information to Prepare a Statement of Stockholders