AB 116 WEEK 9 PROBLEM 17-2A

AB 116 WEEK 9 Problem 17 2A
The following account balances relate to the stockholders’ equity accounts of Kerbs Corp. at year end.
		2014		2013
Common stock, 10,500 and 10,000 shares, respectively, for 2014 and 2013		$166,900			$137,720	
Preferred stock, 5,000 shares		135,980			135,980	
Retained earnings		297,710			263,620	

A small stock dividend was declared and issued in 2014. The market value of the shares was $11,270. Cash dividends were $14,750 in both 2014 and 2013. The common stock has no par or stated value.
Common Stock

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