Byrne Corporation had the following accounts at January 1, 2021: During the year, the company paid the preferred dividend and paid a $ 1.50 dividend to the common shareholders. The company had profit of $ 333,000.
Instructions
Prepare the shareholders' equity section of the balance sheet at December 31, 2021.

Question

Byrne Corporation had the following accounts at January 1, 2021:  During the year, the company paid the preferred dividend and paid a $ 1.50 dividend to the common shareholders. The company had profit of $ 333,000.
Instructions
Prepare the shareholders' equity section of the balance sheet at December 31, 2021.

Quizplus · Accepted Answer

The Answer of Byrne Corporation had the following accounts at January 1, 2021:  During the year, the company paid the preferred dividend and paid a $ 1.50 dividend to the common shareholders. The company had profit of $ 333,000.
Instructions
Prepare the shareholders' equity section of the balance sheet at December 31, 2021.

Byrne Corporation Had the Following Accounts at January 1, 2021