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Ques 1: Record the transaction in general journal Que 2: prepare a statement a shareholders equity at dec 31 2020 Ques 3: Eps at dec
Ques 1: Record the transaction in general journal Que 2: prepare a statement a shareholders equity at dec 31 2020 Ques 3: Eps at dec 31 2020
Apr. Jun. Jul. Nov. 29 Declared a 10 percent stock dividend on the common shares. The market value of the Classico Vision Ltd.'s common shares was $19.00 per share. The record date was May 20, with distribution set for June 3. 3 Issued the stock dividend shares. 29 Repurchased 9,500 of the company's own common shares at $15.00 per share; average issue price was $16.85. 1 Sold 1,800 common shares for $16.20 per share. 25 Declared a $0.45 per share dividend on the common shares outstanding. The date of record was December 16, and the payment date was January 6, 2021. 31 Closed the $120,000 credit balance of Income Summary to Retained Earnings. Dec. Common shares, 280,000 shares authorized, 59,000 shares issued and outstanding $ 1,050,000 260,000 Retained earnings Total shareholders' equity $ 1,310,000Step by Step Solution
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