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Bandara Gold Inc.s equity section on the October 31, 2020, balance sheet showed the following information: Common shares, unlimited shares authorized, 600,000 shares issued and
Bandara Gold Inc.s equity section on the October 31, 2020, balance sheet showed the following information:
Common shares, unlimited shares authorized, 600,000 shares issued and outstanding | $ | 1,800,000 | |
Retained earnings | 150,000 | ||
On November 15, 2020, Bandaras board of directors declared a 3:1 share split to the shareholders of record on November 20 to be distributed on November 29. The market prices of the shares on November 15, 20, and 29 were $2.35, $0.76, and $0.83, respectively. Required: 1. Prepare the required entries for November 15, 20, and 29.
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