the balance sheet of macmillan management consulting inc at december 31 2013 reporte 4374992

The balance sheet of MacMillan Management Consulting, Inc. at December 31, 2013, reported the following stockholders’ equity:During 2014, MacMillan completed the following selected transactions: Feb. 6 Declared a 15% stock dividend on common stock. The market value of MacMillan’s stock was $ 26 per share. 15 Distributed the stock dividend. Jul. 29 Purchased 1,800 shares of treasury stock at $ 26 per share. Nov. 27 Declared a $ 0.30 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, 2014. Assume MacMillan’s net income for the year was $ 82,000. 3. Prepare the stockholders’ equity section of the balance sheet at December 31,2014.
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The balance sheet of MacMillan Management Consulting Inc at December

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