Zen Aerospace Corporation reported the following equity account balances on December 31, 2022: In 2023, the company

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Zen Aerospace Corporation reported the following equity account balances on December 31, 2022:

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In 2023, the company had the following transactions affecting shareholders and the shareholders’ equity accounts:

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Required
1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace).
2. Prepare the statement of changes in equity for the year ended December 31, 2023.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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