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Please help me fill the last blank, how to get the solution. On January 1, 2018, Golden Corporation had 87,000 common shares, recorded at $590,000,
Please help me fill the last blank, how to get the solution.
On January 1, 2018, Golden Corporation had 87,000 common shares, recorded at $590,000, and retained earnings of $1,042,000. During the year, the following transactions occurred: Apr. 2 Issued 5,100 common shares at $20 per share. June 15 Declared a cash dividend of $0.15 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were trading for $22 a share on August 21, $24 on September 5, and $27 on September 20. Nov. 1 Issued 3,300 common shares at $24 per share. Dec. 20 Declared a cash dividend of $0.20 per share to common shareholders of record on December 31, payable on January 10. Record the above transactions for 2018. (Note: Closing entries are not required.) (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. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Apr. 2 Cash 102000 Common Shares 102000 June 15 Dividends Declared 13815 Dividends Payable 13815 July 10 Dividends Payable 13815 Cash 13815 13815 Aug. 21 Dividends Declared 101310 Stock Dividends Distributable 101310 Sept. 20 Stock Dividends Distributable JO 101310 101310 Common Shares 101310 Nov. 1 Cash 79200 Common Shares 79200 Dec. 20 Dividends Declared 20001 Dividends Payable 20001 e Textbook and Media * Your answer is incorrect. What is the number of common shares at the end of the year? Number of common shares 100010 e Textbook and Media List of AccountsStep by Step Solution
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