Pace Oil & Gas Corp. began operations in 2021. Its balance sheet reported the following components of

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Pace Oil & Gas Corp. began operations in 2021. Its balance sheet reported the following components of equity on December 31, 2021.


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Required1. Prepare journal entries to record the transactions and closings for 2022 and 2023.2. Prepare the statement of changes in equity for the year ended December 31, 2023.3. Prepare the equity section of the company’s balance sheet as of December 31, 2023.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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