The Following Selected Transactions Took Place During the Current Year

question 66

Essay

The following selected transactions took place during the current year for a company:
$$\begin{array} { | l | l | } \hline \text { March } 25 & \begin{array} { l } \text { Declared a } \$ 2 \text { per share cash dividend on } 20,000 \text { shares of coommon Stock } \\\text { outstarding }\end{array} \\\hline \text { April } 20 & \text { Paid the cash dividends declared on March } 25 . \\\hline \text { Dec. } 31 & \begin{array} { l } \text { Closed the } \$ 52,000 \text { credit balance in Income Summary that reflects net } \\\text { income to Retained Earnings. }\end{array} \\\hline\end{array}$$ (a) Prepare the journal entries for these transactions.
(b) If Retained Earnings had a $75,000 credit balance on January 1, calculate its year-end balance as of December 31.

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Definitions:

Female Sexual Fantasies

Mental imagery or thoughts that arouse sexual desire and can involve various sexual scenarios or experiences.

Femme Porn

Pornography that is designed with the preferences and perspective of women in mind, focusing on female pleasure and consent.

Emotional Intimacy

A deep level of closeness between individuals, marked by sharing feelings, thoughts, desires, and supportive interactions.

Verbal Consent

is explicit, oral agreement to engage in a specific sexual activity.