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The following is the account balances at 1 Jan 2020 Share Capital - Preference (8%, $100 per non cumulative. 5.000 shares authorized) 400,000 Share Capital-Ordinary
The following is the account balances at 1 Jan 2020 Share Capital - Preference (8%, $100 per non cumulative. 5.000 shares authorized) 400,000 Share Capital-Ordinary ($5 stated value, 300,000 shares authorized) 1,000,000 Share Premium - Preference 20,000 Share Premium - Ordinary 420.000 Share Premium - Treasury 1.000 Retained Earnings 468,000 Treasury Shares-Ordinary (5.000 shares) 50.000 ** your answers should include numerals only, no dollar sign ("s"), no comma". eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded. 2000 treasury shares were sold for $21,000 on 31 March 2020, the Share Premium Treasury account balance at the end of 1 March 2020 was 5 020 was s 1000 treasury shares were sold for $8,000 on 30 April 2020, Share Premium-Treasury account balance at the end of 20 April The retained earnings at the end of 30 April 2020 was 500 treasury shares were sold for $4,500 on 31 May 2020. Treasury shares Ordinary account balance at the end of 31 May 2020 The retained earnings at the end of 31 May 2020 was s was 5 The total dividend for all the perference shares for the year was The dividend is declared and paid on 30 September 2020, Cash dividend for Ordinary shares is declared and paid in October 2020 of 50.1 per share. The total amount of dividend paid for wiat ZU Wds> 1000 treasury shares were sold for $8,000 on 30 April 2020, Share Premium -Treasury account balance at the end of 30 April 2020 was 1 The retained earnings at the end of 30 April 2020 was $ 500 treasury shares were sold for $4.500 on 31 May 2020, Treasury shares-Ordinary account balance at the end of 31 May 2020 was 5 The retained earnings at the end of 31 May 2020 was $ The total dividend for all the perference shares for the year was The dividend is declared and paid on 30 September 2020 Cash dividend for Ordinary shares is declared and paid in October 2020 of $0.1 per share. The total amount of dividend paid for ordinary shares is s The account balances of Share Capital-Ordinary at 31 December 2020 was $1,100,000 and Share Premium-Ordinary was $430,000 The number of ordinary shares issued in year 2020 was the issued price per share was $ and the total cash proceeds from issue of shares was $ are issued for cash. (Assumption: no other equity transactions took place) If all the shares
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