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Question 2 (8 points) Problem VII (8 marks) IA2 W2021 b 1. Casper Ltd. reported the following information in shareholder's equity on December 31. 2019
Question 2 (8 points) Problem VII (8 marks) IA2 W2021 b 1. Casper Ltd. reported the following information in shareholder's equity on December 31. 2019 Common shares, 150,000 issued, unlimited shares authorized $1,590,000 Contributed capital - retirement of common shares 30,000 Retained earings 2,325,400 The following transactions took place in 2019 January 15, 2019, Casper acquired and retired 17,000 shares at $15 per share. October 1, 2019, Casper declared and issued a 10% stock dividend. The dividend was valued at $22 per share, the fair value of the shares. The dividend resulted in the issuance of a number of whole shares but also entitlement to 600 shares as fractional shares. Required: Prepare the journal entries on January 15 and October 1
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