Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2016: (Click the...
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Diamond Jewellery Limited reported the following summarized balance sheet at December 31, 2016: (Click the icon to view the statement.) (Click the icon to view the transactions.) Requirements 1. Journalize Diamond's transactions. Explanations are not required 2. Report Diamond Jewellery Limited's shareholders' equity at December 31, 2017. Net income for 2017 was $28,000. Requirement 1. Journalize the transactions. (Record debits first, then credits. Explanations are not required.) Feb 13: Issued 5,000 common shares for $3 per share
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