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On December 31, 2020, Carla Vista Corporation had the following shareholders’ equity accounts: During the year, the foll

Posted: Sun Jul 03, 2022 1:06 pm
by answerhappygod
On December 31, 2020, Carla Vista Corporation had thefollowing shareholders’ equity accounts:
During the year, the following transactions occurred:
Part 1
Journalize the transactions and closing entries for2021. (Credit account titles are automaticallyindented when the amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titlesand enter 0 for the amounts. Record journal entries in the orderpresented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
July 1
Memo: 2-for-1 stock split increases the number ofshares to
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
Jan.15Jan. 31Feb. 15July 1Dec. 15Dec. 30Dec. 31
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Part 2
Part 3