The balance sheet of Fleck Management Consulting, Inc. at December 31, 2023, reported the following...
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Accounting
The balance sheet of Fleck Management Consulting, Inc. at December 31, 2023, reported the following stockholders' equity: (Click the icon to view the stockholders' equity section of the balance sheet.) During 2024, Fleck completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits, Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 15% stock qividend on the common stock. The market value of Fleck's stock was $29 per share. Feb. 15 Distributed the stock dividend Data table Feb. 6 Declared a 15% stock dividend on common stock. The market value of Fleck's stock was $29 per share. Feb. 15 Distributed the stock dividend. Jul. 29 Purchased 1,800 shares of treasury stock at $29 per share. Nov. 27 Declared a $0.15 per share cash dividend on the common stock outstanding. Requirements 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31 , 2024. Assume Fleck's net income for the year was $84,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024




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