Business, 02.01.2020 22:31 MrKrinkle77
Shown below in t-account format are the changes affecting the retained earnings of brenner-jude corporation during 2021. at january 1, 2021, the corporation had outstanding 105 million common shares, $1 par per share. retained earnings ($ in millions) 90beginning balance retirement of 5 million common shares for $22 million2 88net income for the year declaration and payment of a $0.33 per share cash dividend33 declaration and distribution of a 4% stock dividend20 123ending balance required: 1. from the information provided by the account changes, you should be able to recreate the transactions that affected brenner-jude’s retained earnings during 2021. prepare the journal entries that brenner-jude must have recorded during the year for these transactions. (hint: in lieu of revenues and expenses, use an account titled "income summary" to close net income or net loss.) 2. prepare a statement of retained earnings for brenner-jude for the year ended 2021.
Answers: 3
Business, 21.06.2019 20:30
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Business, 22.06.2019 20:30
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Answers: 3
Shown below in t-account format are the changes affecting the retained earnings of brenner-jude corp...
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