Acc291 Financial Accounting: Do It!13-2 At the end of its first year of operation, Dade Corporation

Acc291 Financial Accounting

Do It!13-2
At the end of its first year of operation, Dade Corporation has $1,000,000 of common stock and net income of $216,000.

Prepare (a) the closing entry for net income and (b) the stockholders' equity section at year-end.
Powered by