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Arcus Development Inc.'s equity section on the December 31, 2019, belance sheet showed the following information Corinan shares, unlimited shares authorized, 220,000 shares issued and
Arcus Development Inc.'s equity section on the December 31, 2019, belance sheet showed the following information Corinan shares, unlimited shares authorized, 220,000 shares issued and outstanding Retained eamings $3,432.000 562,500 On January 15, 2020, the company's boerd of directors declerede 5% shere dividend to the shareholders of record on January 20 to be distributed on January 30. The market prices of the shares on January 15, 20, and 30 were $18.60, $16.50 and 517.60, respectively. Required: 1. Prepere the required entries for January 15, 20, end 30. Assume share dividends account is used when dividends are declared. (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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