Question: Shown below in T-account format are the changes affecting the retained earnings of Brenner Jude Corporation during 2021. At January 1, 2021, the corporation had


Shown below in T-account format are the changes affecting the retained earnings of Brenner Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 103 million common shares, \$1 par per share. Required: 1. From the information provided by the account changes, you should be able to recreate the transactions that atfected Brenner-Jude retained earnings during 2021. Prepare the journal entries that Brenner-Jude must have recorded during the year for these transactions. (Hint In lieu of revenues and expenses, use an account titled "income summary to close net income or net ioss:) 2. Prepare a statement of retained earnings for Brenner-Jude for the year ended 2021 . Complete this question by entering your answers in the tabs below. From the information provided by the account changes, you should be able to recreate the transactions that affected Brenner-jude's retained earnings during 2021. Prepare the journal entries that Brenner-Jude must have recorded during the year for these transactions. (If no entry is required for a transaction/event, select "Nojournal entry required" in the first account field, Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet Prepare a statement of retained earnings for Brenner-Jude for the year ended 2021. (Enter your ar 10,000,000 should be entered as 10).)
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