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The Data Group Inc. had the following balances in its equity accounts at December 31, 2019: Common shares, unlimited shares authorized; 200,000 shares issued and

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The Data Group Inc. had the following balances in its equity accounts at December 31, 2019: Common shares, unlimited shares authorized; 200,000 shares issued and outstanding Retained earnings $2,400,000 400,000 During 2020, the following equity transactions occurred: Apr. 15 Repurchased and retired 15,000 common shares at $10.40 per share. May 1 Repurchased and retired 25,808 common shares at $13.68 per share. Nov. 1 The board of directors declared a 2:1 share split effective on this date. Required: 1. Prepare journal entries to account for the transactions during 2020 (assuming the retirements were the first ever recorded by The Data Group Inc.). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required: 1. Prepare journal entries to account for the transactions during 2020 (assuming the retirements were the first ever recorded by The Data Group Inc.). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet 2 3 Record the purchased and retired 15,000 shares below cost. Note: Enter debits before credits Debit General Journal Date Credit Apr 15 Activate Window ENG 14 May 1 Repurchased and retired 25,000 common shares at $13.60 per share. Nov. 1 The board of directors declared a 2:1 share split effective on this date. Required: 1. Prepare journal entries to account for the transactions during 2020 (assuming the retirements were Data Group Inc.). (If no entry is required for a transaction/event, select "No journal entry required" ir View transaction list Journal entry worksheet LALE 2. WYTYTYS 3 Record the purchased and retired 25,000 shares above cost. Note: Enter debits before credits. Debit Credit Date General Journal May 01 BRE Date Note Disclosure Amount Apr. 15 May 01 Nov. 01 Next

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