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sorry sir, I want my answer through chegg! Winnipeg Enterprises Inc. reported the following summarized balance sheet at December 31, 2019: Assets Current assets Proporty
sorry sir, I want my answer through chegg!
Winnipeg Enterprises Inc. reported the following summarized balance sheet at December 31, 2019: Assets Current assets Proporty and equipment, net Total assets Liabilitios and Equity Liabilities $6,200 Shareholders +equity: $5 eumulative preferred shares, 180 shares issued 1,800 Common whares, 2,400 shares issued Retained earnings Total liabilities and equity During 2020. Winnipes Enterprise completed these transactions that affected shareholders' equity: \begin{tabular}{|c|c|l} \hline Feb, & 22 & Issued 1,000 common shares tor 516 per share. \\ \hline May & 4 & Declared the regular cash dividend on the preferred shares. \\ \hline \end{tabular} 24 Paid the cash dividend. - July 9 Decinred 10\% stock dividend on the cemmon sheres Market price of the cammon shares was 516 per share Requirements Joumalize Winnipeg Enterprise's transactions. Explanations are not required. Report Winnipes Enterprise's shareholdes' equity at December 31, 2020. Net income for 2020 was 562,000 Step by Step Solution
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