Tillay Environmental Products Inc. (TEPI) began 2014 with 1.6 million common shares issued and outstanding for $4.0
Question:
Required
1. Make the journal entries for the issuance of shares for cash and for the 10 percent stock dividend.
2. Prepare the company's statement of retained earnings for the year ended December 31, 2014.
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Related Book For
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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