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Show Solutions 31-Dec-2019 $ 31-Dec-2018 $ Equipment 125,000 100,000 Accumulated Depreciation $82,000 $60,000 and gain on disposal of $2,000. A equipment with a cost of
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31-Dec-2019 $ 31-Dec-2018 $ Equipment 125,000 100,000 Accumulated Depreciation $82,000 $60,000 and gain on disposal of $2,000. A equipment with a cost of $14,000 was disposed during the year with sales proceeds of $ No other disposal or retirement of Equipment during the year ended 31 December 2019. The total depreiciation expense for year ended 31 December 2019 is $30,000 Additions of Equipment (Purchase of Equipment) for the year ended 31 December 2019 is $ ** your answers should include numerals only, no dollar sign ("$"), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded The following is the account balances of equity accounts at 1 Jan 2019 Share Capital - Preference (10%, 100 par non-cumulative, 5,000 shares authorized) Share Capital - Ordinary (5 stated value, 300,000 shares authorized) Share Premium - Preference Share Premium - Ordinary Retained Earnings Treasury Shares - Ordinary (5,000 shares) 300,000 1,000,000 20,000 425,000 488,000 40,000 Share Premium - Treasury 0 ** your answers should include numerals only, no dollar sign (" "), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded If 3000 treasury shares was sold for 27,000 on 31 March 2019, the Share Premium-Treasury account balance at the end of 31 March 2019 was If 1000 treasury shares was sold for 6,000 on 30 April 2019, Share Premium -Treasury account balance at the end of 30 April was If remaining 1000 treasury shares was sold for 6,000 on 31 May 2019, Share Premium - Treasury account balance at the end of 31 May 2019 was The retained earnings at the end of 31 May 2019 was The total dividend for all the perference shares for the year was If the account balances of Share Capital-Ordinary at 31 December 2019 was 1,300,000 and Share Premium-Ordinary was 485,000. The number of ordinary shares issued in year 2019 was the issued price per share was and the total cash proceeds from issue of shares was if all the shares are issued for cash. (Assumption: no other transactions took place)Step by Step Solution
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