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Question 5 mars marks Record your answers directly below the question, On January 1, 2020, Didgeridoo Corporation had the following shareholders' equity accounts: Didgeridoo Corporation
Question 5 mars marks Record your answers directly below the question, On January 1, 2020, Didgeridoo Corporation had the following shareholders' equity accounts: Didgeridoo Corporation Balance Sheet (partial) January 1, 2020 Shareholders equity Common shares (unlimited # of shares authorized, 45,000 shares issued) Retained earnings Total shareholders equity $ 450,000 1.050.000 $1.500.000 Durmg the year, the following transactions occurred: Jan 15 Declared a Si cash dividend per share to shareholders of record on January 31, payable February 15. The date of Teeord is Jan 31 Feb. 10 Issued 2,000 common shares in exchange for land with a fair market value of $22.000. Feb. 15. Paid the dividend declared in January Apr, 15. Declared and distributed a 10% stock dividend to common hareholders of record on April 15. On April 15, the market price of each share was $12. Announced a 2-for-1 stock split. The market price per share prior to the announcement tras $15 Dec. 20. Ranuchared 5.000 company : oun shares on the open market when the market price was $16 share. Assume that the weighted average cost per saare was $13,50 I Required: a Toumalize the transactions nosed above oumal entry explanatzen are not required, brut, bunt names are required)
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