Question: WHat am I missing? please answer all the images thanks GL 1 1 0 1 ( Algo ) - Based on Problem 1 1 -
WHat am I missing? please answer all the images thanks
GLAlgo Based on Problem A LO C P P Answer is not complete.
Prepare the Statement of Retained Earnings for Vancouver Corporation for the year ended December Answer is not complete.For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative
values. Verify that total Stockholders' equity as of December as calculated, agrees with the amount reported on the
balance sheet.
Dates:
January
to:
Vancouver Corporation reports the following components of stockholders' equity on January
During the year, the following transactions affected its stockholders' equity accounts.
January Purchased shares of its own stock at $ cash per share.
January Directors declared a $ per share cash dividend payable on February to the February stockholders of record.
February Paid the dividend declared on January
July Sold of its treasury shares at $ cash per share.
August Sold of its treasury shares at $ cash per share.
September Directors declared a $ per share cash dividend payable on October to the September stockholders of record.
October Paid the dividend declared on September
December Closed the $ credit balance from net income in the Income Summary account to Retained Earnings.
Answer is not complete.
During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal
entries. If no journal entry is required, select No journal entry required" in the first input box.
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