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On January 1 , 2 0 2 4 , Oriole Ltd . had the following shareholders' equity accounts:Common shares ( 1 , 0 4 0
On January Oriole Ltd had the following shareholders' equity accounts:Common shares issued $Retained earnings The company was also authorized to issue an unlimited number of $ noncumulative preferred shares. As at January none had been issued. During the corporation had the following transactions and events related to its shareholders' equity:Jan. Issued preferred shares for $ per share.Mar Paid quarterly dividend to preferred shareholders.June Paid quarterly dividend to preferred shareholders.Aug. Issued common shares for $ per share.Sept Paid quarterly dividend to preferred shareholders.Dec Paid quarterly dividend to preferred shareholders and a $ per shere dividend to the common shereholders.Dec Loss for the year was $A Journalize the transactions and the entries to close dividends and the Income Summary account.B Open general ledger accounts for the shareholders equity accounts, enter the beginning balances and post entries from the previous parts C Prepare the shareholders equity section of the balance sheet at December including any required disclosure. assume Oriole is reporting on under ASPE
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