financial accounting

Financial accounting

The balance sheet for Tactex Controls inc, provincially incorporated in 2021, reported the following components of equity on December 31, 2022 In 2023 and 2024, the company had the following transactions affecting shareholders and the equity accounts 2923 Jan. 1 Sold 48,000 comion shares bt $11.64 per:share. 5 The directors deciared o totol cash. dividend of $241,009 payable on Feb. 28 to the Feb. 5 shoreholders of record. D1vidends had not been declared for the years 2021 and 2022. Al1. of the preferred shares hod been 1 ssued during 2021. Feb. 20 poid the dividends declared on 2anuary 5 July 1 Sold prefepred shares for a total of 5157 ; 80e. The bvecage 1ssue price was $20 per share. Dec. 31 Closed the dividend accouints along idsh the 5577 , Be0 credit balance in the Income Sumnany 2024 account. Sept. 5. The directoes declaced she required cash dividend on the preferred shares and a $2.4 per Oct, 28 comidon share cash dividend payable on octob Dec. 31 Closed the Cash Dividends account along with the 5544,200 credit balance in the Income