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The balance sheet of Toronto Exports Inc. at December 31, 2019, presented the following shareholders' equity: (Click the icon to view the shareholders' equity
The balance sheet of Toronto Exports Inc. at December 31, 2019, presented the following shareholders' equity: (Click the icon to view the shareholders' equity section on the balance sheet.) During 2020, Toronto Exports Inc. completed the following selected transactions: i (Click the icon to view the transactions.) Required: 1. Record the transactions in the general journal. 2. Prepare the statement of shareholders' equity for the year ended December 31, 2020. 3. Calculate the earnings per share at December 31, 2020. (Hint: Use issue dates in your calculations) Requirement 1. Record the transactions in the general journal. Mar 29 Declared a 10 percent stock dividend on the common shares. The market value of the Toronto Exports Inc common shares was Explanations are not required.) Date Journal Entry Accounts Debit Credit
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