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AIM Inc showed the following equity account balances on the December 31, 2019, balance sheet Common shares, unlimited authorized shares, 1,090, 200 shares issued and

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AIM Inc showed the following equity account balances on the December 31, 2019, balance sheet Common shares, unlimited authorized shares, 1,090, 200 shares issued and outstanding Retained earnings $7,740, 420 2,332,300 During 2020, the following selected transactions occurred Feb. 10 Repurchased and retired 170,900 common shares at $10.00 per share; this is the first retirement recorded by AIM. May 15 Declared a 2:1 share split to shareholders of record on June 1, distributable June 15 Dec. 1 Declared a 10% share dividend to shareholders of record on December 10, distributable December 20 The market prices of the shares on December 1, December 10, and December 20 were $5.00 $7.40, and $6.40, respectively 20 Distributed the share dividend declared December 1. 31 Cloned the credit balance of 5960,986 in the Income Summary account. Required: .. Journalize the transactions above (assuming the retirements were the first ever recorded by AIM Inc) The company does not use a share dividends account (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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