Jamal company began the year with $75,000 in its common stock account and a credit balance in retained earnings of $24,000. during the year, the company earned net income of $35,000 and declared and paid $10,000 of dividends. in addition, the company sold additional common stock amounting to $15,000. based on this information, what is the ending total of stockholders' equity?

Ending balance of stockholders' equity is $139,000.

Explanation:

Retained earnings is the retained profit less the dividends paid.

Given,

Retained earnings (beginning balance) = $24,000

Net Income = $35,000

Dividends paid = $10,000

Retained earnings (ending balance) = Retained earnings (beginning balance) + Net Income - Dividends paid

Retained earnings (ending balance) = $24,000 + $35,000 - $10,000

Retained earnings (ending balance) = $49,000

Now, stockholders' equity can be calculated as:

Stockholders' equity (ending balance) = Stockholders' equity (beginning balance) + Retained earnings (ending balance) + Additional common stock (issued)

Stockholders' equity (ending balance) = $75,000 + $49,000 + $15,000

Stockholders' equity (ending balance) = $139,000

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number