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Gils Equipment Lad (GEL) had the following sanholders' equity section balances December 31, 2019 Share capital $4700 000 (Unlimited number of common shares whered: 240,000
Gils Equipment Lad (GEL) had the following sanholders' equity section balances December 31, 2019 Share capital $4700 000 (Unlimited number of common shares whered: 240,000 issued) Retained wings 4.000,00 Total shardholders equity $8.700,000 During 2030, the company had the following transactions 1. On January 2, 2000, GEL declared a cash divided of $150 persone to the shareholders of record on January 27, 2020. payable February 15, 2020 2.On March 15, 2020, GEL sud 10.000 new shares and received proceeds of 540 per share 3. On June 29, 2000, GEL declared shares on June 29, 2020, was 545 per share. a 10% ek dividend. The market price of GELS 4. On June 30, 2000, GEL declared a cash dividend of $1.50 per share to the shareholders of record on July 15, 2020. payable on July 11.2000 5. On September 1, 2000. GEL 100.000 new shares at $50 per share stock split 6. On December 31, 2020, GEL dested a four Additional information 7. Net income for 2020 was $1.5 million & The market price of the share on December 31, 2009, was $13.00 Required Use the spreadsheet on the next page to from the above transactions ed all impacts to shareholders' equity that result Date and even Common Shares Retained Earnings Number of Common Shares Jan. 2Dividends cash March 15 led Shares June 29: Dividendik June 10 widends cash Sept 1 ud Shares Dec 31: Stock Split 14:11 Ending Balance Gils Equipment Lad (GEL) had the following sanholders' equity section balances December 31, 2019 Share capital $4700 000 (Unlimited number of common shares whered: 240,000 issued) Retained wings 4.000,00 Total shardholders equity $8.700,000 During 2030, the company had the following transactions 1. On January 2, 2000, GEL declared a cash divided of $150 persone to the shareholders of record on January 27, 2020. payable February 15, 2020 2.On March 15, 2020, GEL sud 10.000 new shares and received proceeds of 540 per share 3. On June 29, 2000, GEL declared shares on June 29, 2020, was 545 per share. a 10% ek dividend. The market price of GELS 4. On June 30, 2000, GEL declared a cash dividend of $1.50 per share to the shareholders of record on July 15, 2020. payable on July 11.2000 5. On September 1, 2000. GEL 100.000 new shares at $50 per share stock split 6. On December 31, 2020, GEL dested a four Additional information 7. Net income for 2020 was $1.5 million & The market price of the share on December 31, 2009, was $13.00 Required Use the spreadsheet on the next page to from the above transactions ed all impacts to shareholders' equity that result Date and even Common Shares Retained Earnings Number of Common Shares Jan. 2Dividends cash March 15 led Shares June 29: Dividendik June 10 widends cash Sept 1 ud Shares Dec 31: Stock Split 14:11 Ending Balance
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