**For Lady Hawkins Ph.D Only** Accounting Homework

Corporations: Equity Transactions and Income Statements In this lab, you will do the following:

1. Journalize stockholders' equity transactions.

2. Compute EPS and report a retained earnings restriction.

3. Prepare a detailed income statement.

Refer to  Week 1_Lab 1.1.xlsx  to view the complete assignment. Tab 1 of the MS Excel worksheet contains details of Problem 1 on journalizing stockholders' equity transactions, tab 2 contains details of Problem 2 on computing EPS and reporting a retained earnings restriction, and tab 3 contains details of Problem 3 on preparing a detailed income statement. Submission Requirements: Complete the assigned problems in the worksheet that you downloaded. Rename the worksheet as Week 1_Lab 1.1_YourInitials and submit it on Questa to your instructor.