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A summary of selected transactions in ledger accounts appears below for Alberto’s Plumbing Services for the current calendar year-end. Common Stock     1/1 6,778         Retained Earnings 12/31 9,605 12/31 22,551         Dividends 3/30 2,696 12/31 9,605 9/30 6,909     Net income for the period is a.9,605 b.29,329 c.22,551 d.38,934

A summary of selected transactions in ledger accounts appears below for Alberto’s Plumbing Services for the current calendar year-end. Common Stock     1/1 6,778         Retained Earnings 12/31 9,605 12/31 22,551         Dividends 3/30 2,696 12/31 9,605 9/30 6,909     Net income for the period is a.9,605 b.29,329 c.22,551 d.38,934

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 13E: Selected dividend transactions, stock split Selected transactions completed by Canyon Ferry Boating...
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    A summary of selected transactions in ledger accounts appears below for Alberto’s Plumbing Services for the current calendar year-end.

    Common Stock
        1/1 6,778
           

    Retained Earnings
    12/31 9,605 12/31 22,551
           

    Dividends
    3/30 2,696 12/31 9,605
    9/30 6,909    

    Net income for the period is

    a.9,605
    b.29,329
    c.22,551
    d.38,934
     
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