H Common shares (100.000 authorized, 25 000 issued) Contributed capital Retained earnings Accumulated other comprehensive income Total 200,000 125 000 250,000 65.000 $940,000 The contributed capital arose from past common share transactions Required: a) Record the 2020 journal entries required for each event or transaction listed in the space provided I no entry is required at a particular date, writing entry Note that the transactions occurred in the order presented Paid the annual 2019 $6 per share dividend on preferred shares and a $4 por share dividend on common shares. These dividends had been declared on December 31, 2013 1 3 1 5 6.2 Declared a 2-for-1 stock split on common shares Shares at that time were trading at $50 por share 2. Declared a 2-for-1 stock split on common shares. Shares at that time were trading at $50 per share G H 23 Purchased 2,700 shares of its own outstanding common shares for $35 per share and cancelled them 5 6 7 8 -94 Issued 1,000 shares of preferred shares at $105 per share (at the beginning of the year) 10 81 22 43 44 45 46 5 47 Issued 1.600 common shares and 1,400 preferred shares for a lump sum of $225,000. The common shares had been selling a 36 Sold 1,500 common shares on a subscription basis at $50 per share. On this date, Regional accepted a 40% down payment 5 1 7 2 Declared the annual 2020 $0 per share dividend on preferred shares and a $2 per share dividend on common shares. These dividends are payable in 2021 07 51 52 54 55 56 67 8 68 The subscribers defaulted on the contract from 6) above. According to the contract, subscribers are to be issued shares in proportion to the amount and in 69 70 73 74 75 b) Assume 2020 net income was $450,000 and comprehensive income was $455,000 Calculate the balances in the following accounts 76 Amount ($) Account: 77 7a Contributed Capital 79 Retained Earnings 80 AOCI 81 Skywalker (Corp. reported the following amounts in the shareholder's equity section of Preferred shares, $6 dividend (10,000 authorized, 3,000 issued) Common shares (100,000 authorized, 25,000 issued) Contributed capital Retained earnings Accumulated other comprehensive income Total $300,000 200,000 125,000 250,000 65,000 $940,000 1 The contributed capital arose from past common share transactions. 3 4 Required: 5 16 a) Record the 2020 journal entries required for each event or transaction listed in t 17 * Note that the transactions occurred in the order presented. Paid the annual 2019 $6 per share dividend on preferred shares and a $4 per sha Question 2 Question 3 18 1. Question 4 INSTRUCTIONS Question 1 ce Paste H Common shares (100.000 authorized, 25 000 issued) Contributed capital Retained earnings Accumulated other comprehensive income Total 200,000 125 000 250,000 65.000 $940,000 The contributed capital arose from past common share transactions Required: a) Record the 2020 journal entries required for each event or transaction listed in the space provided I no entry is required at a particular date, writing entry Note that the transactions occurred in the order presented Paid the annual 2019 $6 per share dividend on preferred shares and a $4 por share dividend on common shares. These dividends had been declared on December 31, 2013 1 3 1 5 6.2 Declared a 2-for-1 stock split on common shares Shares at that time were trading at $50 por share 2. Declared a 2-for-1 stock split on common shares. Shares at that time were trading at $50 per share G H 23 Purchased 2,700 shares of its own outstanding common shares for $35 per share and cancelled them 5 6 7 8 -94 Issued 1,000 shares of preferred shares at $105 per share (at the beginning of the year) 10 81 22 43 44 45 46 5 47 Issued 1.600 common shares and 1,400 preferred shares for a lump sum of $225,000. The common shares had been selling a 36 Sold 1,500 common shares on a subscription basis at $50 per share. On this date, Regional accepted a 40% down payment 5 1 7 2 Declared the annual 2020 $0 per share dividend on preferred shares and a $2 per share dividend on common shares. These dividends are payable in 2021 07 51 52 54 55 56 67 8 68 The subscribers defaulted on the contract from 6) above. According to the contract, subscribers are to be issued shares in proportion to the amount and in 69 70 73 74 75 b) Assume 2020 net income was $450,000 and comprehensive income was $455,000 Calculate the balances in the following accounts 76 Amount ($) Account: 77 7a Contributed Capital 79 Retained Earnings 80 AOCI 81 Skywalker (Corp. reported the following amounts in the shareholder's equity section of Preferred shares, $6 dividend (10,000 authorized, 3,000 issued) Common shares (100,000 authorized, 25,000 issued) Contributed capital Retained earnings Accumulated other comprehensive income Total $300,000 200,000 125,000 250,000 65,000 $940,000 1 The contributed capital arose from past common share transactions. 3 4 Required: 5 16 a) Record the 2020 journal entries required for each event or transaction listed in t 17 * Note that the transactions occurred in the order presented. Paid the annual 2019 $6 per share dividend on preferred shares and a $4 per sha Question 2 Question 3 18 1. Question 4 INSTRUCTIONS Question 1 ce Paste