he general journal

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Homework Corporation
Stockholders' Equity
December 31, 2021
Common Stock, no par, 25,000 shares outstanding
Retained Earnings
Other Comprehensive Income
500,000
300,000
(30,000)
Total Stockholders' Equity
770,000
The following transactions relating to stockholders' equity occurred during 2022:
Enter the transactions in the general journal
1. Recorded a net income of $100,000 with a $15,000 loss allocated to other
comprehensive income (no journal entry required)
Transcribed Image Text:Homework Corporation Stockholders' Equity December 31, 2021 Common Stock, no par, 25,000 shares outstanding Retained Earnings Other Comprehensive Income 500,000 300,000 (30,000) Total Stockholders' Equity 770,000 The following transactions relating to stockholders' equity occurred during 2022: Enter the transactions in the general journal 1. Recorded a net income of $100,000 with a $15,000 loss allocated to other comprehensive income (no journal entry required)
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