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Take me to the text In 2018, Joanna and some of her friends invested money to start a company named GIRLZ Corporation. The following transactions
Take me to the text In 2018, Joanna and some of her friends invested money to start a company named GIRLZ Corporation. The following transactions occurred during 2018. GIRLZ Corporation generated a $102,000 net income during the year. The company uses the retained earnings method to record dividends. a) Prepare the journal entries to record the above transactions in 2018. Do not enter dollar signs or commas in the input boxes. \begin{tabular}{|c|c|c|c|c|} \hline Date & \multicolumn{1}{|c|}{ Account Title and Explanation } & Debit & Credit \\ \hline Jan6 & Cash & & \\ \cline { 1 - 4 } & & & \\ \hline \end{tabular} a) Prepare the journal entries to record the above transactions in 2018. b) Prepare the statement of retained earnings for the year ended December 31, 2018. c) Prepare the shareholders' equity section of the balance sheet as at December 31, 2018
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