At the end At the end of $20$X$2,$ Provoe Products Ltd$.$ had $222,000$ common shares outstanding, with a recorded value in the common share account of $$875,000.$ Retained earnings was $$673,500.$

During $20$X$3,$ the following transactions affecting shareholders' equity were recorded:

a$.$ Split common shares $3$ for $1.$

b$.$ Purchased $8,000$ shares of treasury stock at $$4\mathrm{.}25$ per share.

c$.$ Purchased $6,000$ shares of treasury stock at $$5$ per share.

d$.$ Issued $5,000$ shares of treasury stock at $$9\mathrm{.}25.$

e$.$ Issued $6,000$ shares of treasury stock at $$3.$

f$.$ Retired $500$ shares of treasury stock.

g$.$ Declared and paid a dividend of $$0\mathrm{.}25$ per common share.

Required:

$1.$ Give entries for each of the above transactions.

$2.$ Give the resulting balances in each capital account. Earnings for $20$X$3$ was $$472,000.$

of $20$X$2,$ Provoe Products Ltd$.$ had $222,000$ common shares outstanding, with a recorded value in the common share account of $$875,000.$ Retained earnings was $$673,500.$

During $20$X$3,$ the following transactions affecting shareholders' equity were recorded:

a$.$ Split common shares $3$ for $1.$

b$.$ Purchased $8,000$ shares of treasury stock at $$4\mathrm{.}25$ per share.

c$.$ Purchased $6,000$ shares of treasury stock at $$5$ per share.

d$.$ Issued $5,000$ shares of treasury stock at $$9\mathrm{.}25.$

e$.$ Issued $6,000$ shares of treasury stock at $$3.$

f$.$ Retired $500$ shares of treasury stock.

g$.$ Declared and paid a dividend of $$0\mathrm{.}25$ per common share.

Required:

$1.$ Give entries for each of the above transactions.

$2.$ Give the resulting balances in each capital account. Earnings for $20$X$3$ was $$472,000.$