Question
A Required: C Prepare General Journal entries to record the following March 1 The directors declared a 2:1 share split for the shareholders of record
A Required: C Prepare General Journal entries to record the following March 1 The directors declared a 2:1 share split for the shareholders of record on March 5, to be distributed March 20 March 20 Distributed the shares for the share split declared on March 1. 2 B 4 5 6 7 28 29 30 81 32 33 34 35 36 37 38 39 40 August 1 The directors delcared a 30% share dividend to be distributed on August 1 to the shareholders of record on August 15. The market prices of the shares on the following dates were: August 1 $2.00 August 15 $2.25 August 20 $2.45 August 20 Distributed the shares for the share dividend D E The balance sheet of Maritime Food Inc. included the following information on December 31, 2020: Common shares, unlimited shares authorized, 50,000 shares issued and outstanding $200,000 7 B 9 Retained Earnings 0 1 Total Equity 12 350,000 $ 550,000
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