Question
2 Selected T-accounts for Jade Mineral Corporation at December 31, 2020, are duplicated below. Preferred Shares, $6 cumulative 10,000 shares authorized 7,300 shares issued
2 Selected T-accounts for Jade Mineral Corporation at December 31, 2020, are duplicated below. Preferred Shares, $6 cumulative 10,000 shares authorized 7,300 shares issued ts 170,090 Dec. 31/19 Bal. 170,090 Dec. 31/20 Bal. Skipped Common Shares, 50,000 shares authorized Print 45,000 shares issued 508,500 Dec. 31/19 Bal. 508,500 Dec. 31/20 Bal. Retained Earnings 119,000 Dec. 31/19 Bal. ? Dec. 31/20 Bal. Help Note: Dividends were not paid during 2018 or 2019. Dividends of $4.10 per common share were declared and paid for the year ended December 31, 2020. 2018 was the first year of operations. All shares were issued in the first year of operations.
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