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Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2016. Assume Patrick's net
Requirements
1. | Record the transactions in the general journal. |
2. | Prepare a retained earnings statement for the year ended December 31, 2016. Assume Patrick's net income for the year was $89,000. |
3. | Prepare the stockholders' equity section of the balance sheet at December 31, 2016. |
Nov. 27 Cash Dividends Dividends PayableCommon Declared cash dividend
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