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A 2: 1 split took place for the common shares on March 31,2023 Preferred shares totaling 10,000 were issued for cash at $4 per share
- A 2: 1 split took place for the common shares on March 31,2023
- Preferred shares totaling 10,000 were issued for cash at $4 per share on May 15, 2023
- Declared a 5% common share dividend on June 4, 2023 to be issued June 18, 2023, The shares were trading at $5.20 and $5.00 respectively on those dates.
- Record the dividend event on June 18, 2023
- Redeemed 20,000 common shares on June 25, 2023 paying $3.90 per share
What is the journal entry for this?
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
4th Edition
1473729521, 9781473729520
