Question

Synchronica Corp. reported the following equity account balances on December 31, 2013:
Common shares, unlimited shares authorized,
100,000 shares issued and outstanding........................................................ $ 960,000
Retained earnings............................................................................................. 1,296,000
The company completed these transactions during 2014:


Required
1. Prepare General Journal entries to record the transactions and closings for 2014.
2. Prepare the equity section of the company’s balance sheet as of December 31,2014.


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  • CreatedJanuary 08, 2015
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