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Question 5. Share transactions (10 marks) On Jan. 1, 2020 the shareholders' equity section of Dahli Ltd. is as follows: Contributed Capital Common shares, unlimited

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Question 5. Share transactions (10 marks) On Jan. 1, 2020 the shareholders' equity section of Dahli Ltd. is as follows: Contributed Capital Common shares, unlimited authorized, 100,000 isssued & outstanding S 800,000 Retained Earnings $1,080,000 Dahli Ltd. completed the following transactions during 2020: Jan 10 Purchased and retired 20,000 shares at $12 per share. Mar 2 Declared and paid $1.50 per share cash dividend. Apr 4 20% share dividend declared & distributed, market price $14 per share. Apr 9 Share split 3:1. Market price S15 per share. May 1 A cash dividend of $1.10 per share was declared by the board of directors to shareholders of record on May 20, payable June 1 Required: Prepare all the required journal entries up to and including May 20th. Ifa transaction requires NO ENTRY" you must state this with the corresponding date in order to get any of these mark(s). N 0 21C hp

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