Starborn Manufacturing Co$.$ completed the following transactions during $2024.$

$($Click the icon to view the transactions$)$

Read the requirements. column and leave the remaining cells blank$)$ date is February $15$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.16],[,,,],[,,,],[,,,],[,,,]]$

Requirements

Record the transactions in Starbor's general journal.

Prepare the Starborn's stockholders' equity section of the balance sheet as of Decermber $31,2024.$ Assume that Starborn was authorized to issue $2,000$ shares of preferred stock and $300,000$ shares of common stock. Both preferred stock and cormmon stock were issued at par. The ending balance of retained earnings as of December $31,2024,$ is $$2,040,000.$

$9$ steps in total