Q1 JOURNALIZE THE ENTRIES FOR CO.XYZ (2 MARKS EACH) A JAN IST 45,000 NO OF COMMON SHARES ISSUED/OUTSTANDING ON JAN 1ST PAR VALUE OF COMMON SHARE $15 TRADING PRICE OF STOCK ON JAN 1ST $22 B 30-MAR DECLARED SS CASH DIVIDENDS AGAINST EACH COMMON SHARE 15TH APRIL DISTRIBUTED CASH DIVIDENDS ANNOUNCED ON 30TH MARCH D 30TH APRIL DECLARED 4% STOCK DIVIDENDS TRADING PRICE ON 30TH APRIL $24 E 15TH MAY DISTRIBUTED STOCK DIVIDENDS ANNOUNCED ON 30TH APRIL F 15TH MAY CALCULATE EQUITY BEFORE AND AFTER STOCK DIVIDENDS G 30TH MAY NO OF RE-ACQUIRED SHARES 12,000 BUYING PRICE OF TREASURY STOCK (HINT: NO OF SHARES-INITIAL NO.+ STOCK DIV SHARES) $26 H 15TH JUNE 8000 NO OF SHARES RE-ISSUED (OUT OF TREASURY STOCKS) SELLING PRICE OF TREASURY STOCKS $36 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 OUTSTANDING 30TH JUNE ON THE BASIS OF THE ABOVE MENTIONED STOCK SPLIT CALCULATE EQUITY BEFORE AND AFTER STOCK SPLIT