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please answer all there on case study thanks Arcus Development Inc.'s equity section on the December 31 2019, balance sheet showed the following information: Connon
please answer all there on case study thanks
Arcus Development Inc.'s equity section on the December 31 2019, balance sheet showed the following information: Connon shares, united shares wuthorized, 170,000 shares issued and outstanding Retained ning $2.992,000 On January 15, 2020, the company's board of directors declared a 20% share dividend to the shareholders of record on January 20 to be distributed on January 30, The market prices of the shares on January 15, 20, and 30 were $20.10. $18.60, and $19.35. respectively Required: 1. Prepare the required entries for January 15, 20, and 30. Assume share dividends account is used when dividends are declared no entry is required for a transaction event select "No journal entry required in the first account field.) View transactions vaw journal entry worksheet X Debit Record the declaration of share dividends to common shareholders. 7 Record the date of entry into the books of accounts Record the distribution of share dividends to common shareholders Note Journal entry has been entered 2. Prepare the equity section on the January 31 2020, balance sheet assuming profit ored during January 2020 was 5655.000 ARCUI DEVELOPMENTING Emily Beto Balance Jay 1 0 Contributed TY Step by Step Solution
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