General Ledger (GL) Assignments expose students to general ledger software similar to that in practice. GL is part of Connect, and GL assignments are auto-gradable and have algorithmic options.
GL 13-1 Prepare journal entries related to treasury stock, cash dividends, and net income. Then prepare the statement of retained earnings and the stockholders’ equity section of the balance sheet.
GL 13-2 Prepare journal entries for cash dividends and stock dividends. Calculate the number of shares outstanding, the amount of net income, and the amount of retained earnings to be capitalized as a result of the stock dividend.