The following selected transactions took place during the current year for a company: 
(a)Prepare the journal entries for these transactions.
(b)If Retained Earnings had a $155,000 credit balance on January 1,calculate its year-end balance as of December 31.
Definitions:
Gender
A social construct that refers to a set of social roles, attitudes, and behaviours that describe people of different sexes.
Matriarchal Society
A society or organization wherein female leaders predominate, particularly in terms of social power and authority.
Functional Society
A society that operates effectively due to the well-structured interrelation of its institutions and practices meeting the needs of its members.
Gender Roles
Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.
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