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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, Bandara's 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. Date Note Disclosure Amount Nov 15 Nov 20 Nov 29 2. Prepare the equity section on the November 30, 2020, balance sheet, assuming profit earned during November 2020 was $273,000. BANDARA GOLD INC. Equity Section of Balance Sheet November 30, 2020 Contributed capital: Total equity 0
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