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The Data Group Inc, had the following balances in its equilty accounts at December 31, 2022: During 2023, the following equity transactions occurred: Mper. 15
The Data Group Inc, had the following balances in its equilty accounts at December 31, 2022: During 2023, the following equity transactions occurred: Mper. 15 Repurchased and retired 10,400 coewon shares at $23,40 per share, May 1 Nepurchased and retired 14,000 coenon shares at $26.60 per thare. Now. 1 The board of directors declared a 2:1 share split effectlve on this date. Required: 1. Prepare joumal entries to account for the transactions during 2023 (assuming the retirements were the first ever recorded by The Data Group inc.). (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Record the purchased and retired 10,400 shares below cont, Nacte: Enter debits before credits. Journal entry worksheet Record the purchased and retired 14,000 shares above cost. Note: Enter debits before credits. Journal entry worksheet Record the declaration by the directors of a 2:1 share split effective on this date. Note: Enter debits before credits. 2. Prepare the compary's equity section on the December 34,2023 , balance sheet, assuming a loss for the year of $162,000
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