| The stockholders? equity accounts of Castle Corporation on January 1, 2014, were as follows. |
During 2014, the corporation had the following transactions and events pertaining to its stockholders? equity.
No dividends were declared during the year.
| Journalize the transactions and the closing entry for net income.?(Credit account titles are automatically indented when amount is entered. Do not indent manually.) |
| Enter the beginning balances in the accounts, and post the journal entries to the stockholders? equity accounts. (Use J5 for the posting reference.)?(Post entries in the order of journal entries presented in the previous part.) |
| Prepare a stockholders? equity section at December 31, 2014, including the disclosure of the preferred dividends in arrears.?(Enter the account name only and do not provide the descriptive information provided in the question.) |
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