The worksheet for Olympic Company shows the following in the financial statement columns. Dividends ......... $15,000 Common
Question:
Dividends ......... $15,000
Common Stock ....... 70,000
Net income ......... 47,000
Prepare the closing entries at December 31 that affect stockholders’ equity.
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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