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i need 1 and 2 done 1. Journalize Diamond's transactions. Explanations are not required. 2. Report Diamond Jewellery Limited's shareholders' equity as of December 31,202.
i need 1 and 2 done
1. Journalize Diamond's transactions. Explanations are not required. 2. Report Diamond Jewellery Limited's shareholders' equity as of December 31,202. Net income for 202 was $26,200. Summarized Balance Sheet \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ During 202, Diamond completed these transactions that affected shareholders' equity: } \\ \hline February 13: & Issued 5,100 common shares for $9 per share. \\ \hline June 7: & Declared the regular cash dividend on the preferred shares. \\ \hline July 24: & Paid the cash dividend. \\ \hline August 9: & \begin{tabular}{l} Declared a 13% stock dividend on the common shares. Market price of \\ the common shares was $10 per share. \end{tabular} \\ \hline August 23: & Distributed the stock dividend. \\ \hline November 20: & Issued 620 common shares for $13 per share. \\ \hline \end{tabular} Step by Step Solution
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