The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2023, reported the following stockholders equity:

Question:

The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2023, reported the following stockholders’ equity:

During 2024, Goldstein completed the following selected transactions:


Requirements
1. Record the transactions in the general journal.
2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Goldstein’s net income for the year was $90,000.
3. Prepare the stockholders’ equity section of the balance sheet at December 31, 2024.

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Related Book For  book-img-for-question

Horngrens Accounting The Financial Chapters

ISBN: 9780136162186

13th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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