The balance sheet of

Fleck

Management Consulting, Inc. at December 31,

2023,

reported the following stockholders' equity:

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(Click the icon to view the stockholders' equity section of the balance sheet.)During

2024,

Fleck

completed the following selected transactions:

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(Click the icon to view the transactions.)Read the requirements

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.

Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Feb. 6: Declared a

10%

stock dividend on the common stock. The market value of

Fleck's

stock was

$23

per share.

Date			Accounts and Explanation	Debit	Credit
Feb. 6

Feb. 15: Distributed the stock dividend.

Date			Accounts and Explanation	Debit	Credit
Feb. 15

Jul. 29: Purchased

2,200

shares of treasury stock at

$23

per share.

Date			Accounts and Explanation	Debit	Credit
Jul. 29

Nov. 27: Declared a

$0.10

per share cash dividend on the common stock outstanding. (Round your answers to the nearest whole dollar.)

Date			Accounts and Explanation	Debit	Credit
Nov. 27

Requirement 2. Prepare a retained earnings statement for the year ended December 31,

2024.

Assume

Fleck's

net income for the year was

$85,000.

Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check your spelling carefully and do not abbreviate.)

	Fleck Management Consulting, Inc.
	Statement of Retained Earnings
	Year Ended December 31, 2024

Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31,

2024.

(Use parentheses or a minus sign for amounts to be subtracted.)

Fleck Management Consulting, Inc.
Balance Sheet (Partial)
December 31, 2024
	Stockholders' Equity
	Paid-In Capital:
	Total Paid-In Capital
	Total Stockholders' Equity

Stockholders' Equity
Paid-In Capital:
Common Stock$15 Par Value; 250,000 shares authorized, 15,000 shares issued and outstanding	$225,000
Paid-In Capital in Excess of ParCommon	300,000
Total Paid-In Capital	525,000
Retained Earnings	157,000
Total Stockholders' Equity	$682,000

Feb. 6	Declared a 10% stock dividend on common stock. The market value of Fleck's stock was $23 per share.
Feb. 15	Distributed the stock dividend.
Jul. 29	Purchased 2,200 shares of treasury stock at $23 per share.
Nov. 27	Declared a $0.10 per share cash dividend on the common stock outstanding.