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Current Attempt in Progress On January 1, 2022. Nadal SE had the following equity accounts. Share Capital - Ordinary (10 par value, 60,000 shares issued
Current Attempt in Progress On January 1, 2022. Nadal SE had the following equity accounts. Share Capital - Ordinary (10 par value, 60,000 shares issued and outstanding) 600,000 Share Premium-Ordinary 500,000 Retained Earnings 620.000 During 2022, the following transactions occurred. Jan. 15 Declared and paid a 1.05 cash dividend per share to shareholders. Apr. 15 Declared and issued a 10% share dividend. The market price of the shares was 14 per share. May 15 Reacquired 2,000 ordinary shares at a market price of 15 per share. Nov. 15 Reissued 1,000 shares held in treasury at a price of 18 per share. Dec. 31 Determined that net income for the year was 370,000. (1) Journalize the above transactions. (Include entries to close net income to Retained Earnings.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit > e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit
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