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The balance sheet of Chic Vision Ltd. at December 31, 2019, reported the following shareholders' equity: (Click the icon to view the shareholders' equity section
The balance sheet of Chic Vision Ltd. at December 31, 2019, reported the following shareholders' equity: (Click the icon to view the shareholders' equity section on the balance sheet.) During 2020, Chic Vision Ltd. completed the following selected transactions: (Click the icon to view the transactions.) Required: 1. Record the transactions in the general journal. Prepare a statement of shareholders' equity at December 31, 2020 3. Calculate earnings per share at December 31, 2020, 2. a ma 0 Shareholders' equity g rd Common shares, 220,000 shares authorized, 50.000 shares issued and outstanding $ 52 di 825,000 340,000 Retained earnings pers Total shareholders' equity $ 1.165,000 Print Done i Transactions - X Apr. Jun. Jul. Nov. 29 Declared a 15 percent stock dividend on the common shares. The market value of the Chic Vision Ltd.'s common shares was $19.00 per share. The record date was May 20, with distribution set for June 3. 3 Issued the stock dividend shares. 29 Repurchased 9,000 of the company's own common shares at $14.50 per share; average issue price was $16.40. 1 Sold 2,800 common shares for $16.25 per share. 25 Declared a $0.50 per share dividend on the common shares outstanding. The date of record was December 16, and the payment date was January 6, 2021. 31 Closed the $150,000 credit balance of Income Summary to Retained Earnings. Dec
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