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plz slove this ques in 30 min its due in 30 min plz do this one The following shareholders' equity accounts are reported by Blossom
plz slove this ques in 30 min
The following shareholders' equity accounts are reported by Blossom inc. on January 1: The following selected transactions occurred during the year: Feb. 11 Issued 56,000 common shares at $20 per share. Mar 2 Reacquired 20,700 common shares at $22 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share. July 25 Reacquired 500 preferred shares at $70 per share. Sept. 16 Reacquired 56,000 common shares for $17 per share. Oct. 27 Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $19 per share. Dec. 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 pershare. Prepare journal entries for the transactions. (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 occount titles and enter Ofor the amounts. Record journal entries in the order presented in the problem. Round average per share to 2 decimal ploces, es. 15.25 and finat answers to 0 decimal places, es. 5,276. List all debit entries before credit entries.) Prepare journal entries for the transactions. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is remuired, select "No Entry" for the account titles and enter oror the amounks. Record journal entries in the order presented in the problem. Kound average per share to 2 decimal places, eg. 15.25 and final answers to 0 decimal ploces, es. 5,276. List all debit entries before credit entries.) I Show how each class of shares will be presented in the shareholders' equity section of the baiance sheet at December 31 its due in 30 min plz do this one
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