The balance sheet for Tactex Controls Inc., provincially incorporated in 2012, reported the following components of equity
Question:
In 2014 and 2015, the company had the following transactions affecting shareholders and the equity accounts:
Required
1. Prepare journal entries to record the transactions and closings for 2014 and 2015.
2. Prepare a statement of changes in equity for the year ended December 31, 2015.
3. Prepare the equity section of the companys balance sheet as of December 31,2015.
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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