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Prepare dividend enrici (LO 1, 2, 3) On January 1, 2020. Hayslett AG had the following equity accounts. Share Capital Ordinary (10 par value, 260,000
Prepare dividend enrici (LO 1, 2, 3) On January 1, 2020. Hayslett AG had the following equity accounts. Share Capital Ordinary (10 par value, 260,000 shares issued and outstanding) 2,600,000 Share Premium-Ordinary 1.500,000 Retained Earnings 3.200,00 During the year, the following transactions occurred. April | Declarou a 150 cash dividend per share to shurcholders of record on April 15, payable May 1 May 1 Paid the dividend declared in April Announced a 2-for-I share split. Prior to the split the market price per share was 34 Aug 1 Declared a 10% share dividend to shareholders of record on August 15. distributable August 31. On Augustthe market price of the shares was 10 por share 31 Issued the shares for the share dividend. Dec 1 Dectured a 1.50 per share dividend to shareholders of record on December 15, wyle January 5, 2021 31 Determined that net income for the year was 600.000 Instructions Journalire the transactions and the closing entries how to store dividends, and condi Jens b. Prepare an equity section at December 31 June 1
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