he general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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