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I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR. THANK YOU IN ADVANCE!! I need Answers for all 3 columns; Preferred,
I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR. THANK YOU IN ADVANCE!!
I need Answers for all 3 columns; Preferred, Common and Total, please.
I need answers for all Credit and Debit columns please, thank you!
Current Attempt in Progress The shareholders'equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: 2020 Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued $213,600 Share capital, 5,000,000 common shares authorized 1,250,000 common shares issued (2019-1,050,000 shares) 5.200,000 Retained earnings 3,979,000 Total shareholders' equity $9,392,600 During 2020, Deer paid a total of $114,300 in cash dividends. Assume the preferred shares were not in arrears at December 31, 2019. How was the $114,300 in cash dividends distributed between the two types of shares in 2020? Preferred Common 2020 $ $ $ e Textbook and Media List of Accounts Assume the preferred share dividends were in arrears for one year that is, the dividends were not paid in 2019. How was the $114,300 in cash dividends distributed between the two classes of shares? Preferred Common $ 2019 arrears $ 2020 $ $ la During 2020, Deer paid a total of $114,300 in cash dividends. Assume the preferred shares were not in arrears at December 31, 2019. How was the $114,300 in cash dividends distributed between the two types of shares in 2020? Common Total $ $ eTextbook and Media List of Accounts Assume the preferred share dividends were in arrears for one year, that is, the dividends were not paid in 2019. How was the $114,300 in cash dividends distributed between the two classes of shares? Common Total $ $ $ Both common shares and retained earnings changed during the year. Provide journal entries that would account for the changes. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit No. Account and explanation 1. (common shares issued during year) 2. (Dividends declared during year) 3. (Dividends paid during year) 4 (Net income for the year closed retained earnings) 5. (Dividends Declared for the year dosed to retained earnings) Both common shares and retained earnings changed during the year. Provide journal entries that would account for the changes. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) planation Debit Credit ssued during d during year) iring year) e year closed ad for the year earnings)Step by Step Solution
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