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AM inc, showed the following equity account balances on the December 31,2019 . balance sheet During 2020, the following selected transactions occurred: Way is aeclaced

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AM inc, showed the following equity account balances on the December 31,2019 . balance sheet During 2020, the following selected transactions occurred: Way is aeclaced a 2:1 share split to sharebolders of record on Yune io distributable june 15. bec. I beciared a 105 share dividend to shareholders of racord on jecenber 1e, distributable beceber Za. The market prices of the 2e pistributed the share dividend deciared pecencer it. 31. Closed the credit balance of 1955,662 in the micom suntary account, Required: a. Journalize the transactions above (assuming the reviements were the first ever recorded by AiM Inc) The compary does not use a share dividends account. (li no entry is required for a transactionievent, select. "No Journol entry required" In the first account field.) Journal entry worksheet b. Prepare the equity section on the December 31,2020, balance sheet

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