Question: How do I get retained earnings? 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select No Journal
How do I get retained earnings?



2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field view transaction list journal entry worksheet Transaction General Journal Debit Credit Cash 5,000,000 Common stock 500,000 Additional Paid-in Capital, Common Stock 4,500,000 Treasury Stock 900,000 Cash 900,000 Cash 345,000 Treasury Stock 337,500 Additional Paid in Capital, Treasury Stock 7,500 Cash 330,000 Additional Paid-in Capital, Treasury Stock 7,500 Treasury Stock 337,500
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