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Learning Objectives 11-2, 11-3, 11-4, 11-5 PROBLEM 11-4A Entries

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Learning Objectives 11-2, 11-3, 11-4, 11-5

Entries for selected corporate transactions

You may use the attached spreadsheet to complete this activity. You will find the spreadsheet by clicking on the paper clip found in the upper left hand corner of the screen.

Eureka Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Eureka Enterprises Inc., with balances on January 1, 2008, are as follows:

The following selected transactions occurred during the year:

Complete the T accounts, journalize and post the entries, prepare a retained earnings statement, and prepare the stockholders' equity section of the balance sheet on the attached spreadsheet. Give the following:

Total Common Stock at year end $
Paid-In Capital in Excess of Stated Value at year end $
Treasury Stock at year end $
Paid-In Capital from Sale of Treasury Stock at year end $
Stock dividends for the year $
Cash dividends for the year $
Increase in Retained Earnings $
Total paid-in capital $
Retained Earnings at year end $
Total stockholders' equity
Submitted: 5 years ago.
Category: Homework
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