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please prepare a statement of shareholders equity in excel L018-6 through 2018-8 TY 2 Listed below are the transactions that affected the shareholders equity of
please prepare a statement of shareholders equity in excel
L018-6 through 2018-8 TY 2 Listed below are the transactions that affected the shareholders equity of Branch Rickie Corporation during the period 2021-2023. A December 31, 2020. the corporation's accounts included: (Sin thousands Common stock, 105 million shares at Sipar $ 105,000 Paid in capital-excess of par 610,000 Retained earnings 970.000 November 1, 2021, the board of directors declared a cash dividend of 50.80 per share on its common shares payable to shareholders of weed November 15, to be paid December b. On March 1, 2022, the board of directors declared a property dividend consisting of corporate bondsor Warner Corporation that Beach Rickie was holding as an investment. The bonds had a fair value of $16 million, but were purchased two years previously for $1.3 million Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April c. On July 12, 2022, the corporation declared and distributed a 5% common stock dividend (when the market value of the common stock $21 per share). Cash was paid in lieu of fractional shares representing 250.000 equivalent whole shares d. On November 1, 2022, the board of directors declared a cash dividend of $0.50 per share on its common shares, peable shareholders of record November 15, to be paid December e On January 15, 2023, the board of directors declared and distributed a 3-for 3 stock split effected in the form of a sos stock divided when the market value of the common stock was $22 per share. 1. On November 1, 2023, the board of director declared a cash dividend of 50.65 per share on its comme sures, peable to shareholders of record November 15, to be paid December 1, Required: 1. Prepare the journal entries that Branch Rickie recorded during the three year period for these transactions 2. Prepare comparative statements of shareholders equity for Branch Rickie for the three year period (5 in... Net income was $3.30 m $395 million, and $455 million for 2021, 2020, and 2023, respectively Step by Step Solution
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