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Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021 . At January 1, 2021, the corporation had
Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021 . At January 1, 2021, the corporation had outstanding 105 million common shares, \$1 par per share. Required: 1. Prepare the Journal entries to record the transactions that affected Brenner-Jude's retained earnings during 2021 based on the Information provided. 2. Prepare a statement of retalned earnings for Brenner-Jude for the year ended 2021 . Prepare the journal entries to record the transactions that affected Brenner-Jude's retained earnings during 2021 based on the information provided. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i,e., 10,000,000 should be entered as 10).) Prepare a statement of retained eamings for Brenner-Jude for the year ended 2021 . (Enter y 10,000,000 should be entered as 10).)
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