Question
The Data Group Inc. had the following balances in its equity accounts at December 31, 2019: Common shares, unlimited shares authorized; 310,000 shares issued
The Data Group Inc. had the following balances in its equity accounts at December 31, 2019: Common shares, unlimited shares authorized; 310,000 shares issued and outstanding Retained earnings $8,990,000 570,000 During 2020, the following equity transactions occurred: Apr. 15 Repurchased and retired 11,200 common shares at $27.40 per share. 1 Repurchased and retired 18,000 common shares at $30.60 per share. May 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 Data Group Inc.). (If no entry is required for a transaction/event, select "No journal entry required" in the View transaction list Journal entry worksheet 1 2 3 Record the purchased and retired 11,200 shares below cost. Note: Enter debits before credits. Date Apr 15 General Journal Debit Credit >
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