Q1 JOURNALIZE THE ENTRIES FOR CO. XYZ ( 2 MARKS EACH) A JAN 1ST NO OF COMMON SHARES ISSUED/OUTSTANDING ON JAN 1ST 4,500 PAR VALUE OF COMMON SHARE $15 TRADING PRICE OF STOCK ON JAN 1ST $20 B 30-MAR DECLARED $5 CASH DIVIDENDS AGAINST EACH COMMON SHARE C 15TH APRIL DISTRIBUTED CASH DIVIDENDS ANNOUNCED ON 30TH MARCH D 30TH APRIL DECLARED 5% STOCK DIVIDENDS TRADING PRICE ON 30TH APRIL $25 E 15TH MAY DISTRIBUTED STOCK DIVIDENDS ANNOUNCED ON 30TH APRIL F 15TH MAY CALCULATE EQUITY BEFORE AND AFTER STOCK DVIDENDS G 30TH MAY NO OF RE-AQUIRED SHARES 1,200 BUYING PRICE OF TREASURY STOCK (HINT: NO OF SHARES =INITIAL NO.+ STOCK DIV SHARES) $27 H 15TH JUNE NO OF SHARES RE-ISSUED (OUT OF TREASURY STOCKS) 800 SELLING ORICE OF TREASURY STOCKS $36 I 30TH JUNE SUPPOSE THE FIRM DID NOT RE-ISSUE TREASURY STOCKS ON 15TH JUNE .ASSUME ON THE BASIS OF NO. OF STOCK ON 30TH JUNE THE FIRM ANNOUNCED A STOCK SPLIT WITH 1: 3 RATIO CALCULATE PAR VALUE AND NO OF SHARES OUT STANDING J 30TH JUNE ON THE BASIS OF THE ABOVE MENTIONED STOCK SPLIT CALCULATE EQUITY BEFORE AND AFTER STOCK SPLIT