Final answer:
The ending total of all stockholders' equity accounts should show a Common Stock balance of $133,600, Retained Earnings of $76,300, and Additional Common Stock of $35,000, resulting in a total Stockholders' Equity of $245,900.
Step-by-step explanation:
The transaction analysis should show the ending total of all stockholders' equity accounts based on the given information.
The company began the year with a Common Stock account balance of $133,600 and a debit balance in Retained Earnings of $57,200. During the year, the company earned net income of $28,600 and paid dividends of $9,500. Additionally, the company sold additional common stock for $35,000.
To calculate the ending total of all stockholders' equity accounts, we need to consider the changes in Common Stock, Retained Earnings, and the additional common stock sold:
- Common Stock: The beginning balance was $133,600, and no new common stock was issued during the year. Therefore, the ending balance will remain the same at $133,600.
- Retained Earnings: The beginning balance was a debit of $57,200. The company earned net income of $28,600 and paid dividends of $9,500. To calculate the ending balance, we need to add the net income and subtract the dividends: $57,200 + $28,600 - $9,500 = $76,300.
- Additional Common Stock: The company sold additional common stock for $35,000. This amount should be added to the Common Stock balance: $133,600 + $35,000 = $168,600.
Therefore, the ending total of all stockholders' equity accounts should show:
- Common Stock: $133,600
- Retained Earnings: $76,300
- Additional Common Stock: $35,000
- Total Stockholders' Equity: $245,900