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  3. 1 record transfer of net loss to retained earnings

1 Record transfer of net loss to retained earnings. 2 Record transfer of net income...

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Accounting

imageimageimage 1 Record transfer of net loss to retained earnings. 2 Record transfer of net income to retained earnings. 3 Record repurchase of shares for retirement. 4 Record declaration of cash dividend. 5 Record payment of cash dividend. 6 Record transfer of net income to retained earnings. 7 Record issue of stock dividend. 8 Record declaration of cash dividend. At December 31, 2018, common shares consisted of the following: Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2019, 2020, and 2021. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 9 Record payment of cash dividend

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