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do E14.10 el entries for shareholder nd prepare a statement of reholders' equity. E14.10 (LO 2, 3, 5) AP Ruby Red Rental Corporation had the
do E14.10
el entries for shareholder nd prepare a statement of reholders' equity. E14.10 (LO 2, 3, 5) AP Ruby Red Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) $ (25,000) Contributed surplus-reacquisition of common shares 540,000 Retained earnings 1,500,000 Common shares (32,000 shares) 800,000 Ruby Red had the following fransactions and events during 2021: Feb. 2 Repurchased 1,000 shares for $44,500. Apr. 17 Declared and paid cash dividends of $70,000. Oct. 29 Issued 2,000 shares for $104,000 cash. Dec. 31 Reported comprehensive income of $425,000, which included other comprehensive income of $40,000. Instructions a. Prepare journal entries to record the transactions that took place during 2021. b. Prepare a statement of changes in shareholders' equity at December 31, 2021. c. Calculate the number of shares issued as at December 31, 2021. nos ner share E14.11 (LO 6) AP Salmon Limited reported profit of $465.325 for its November 30, 2021. vear end. Cash MARStep by Step Solution
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