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The shareholder s equity section of Chen Industries Limited at November 3 0 , 2 0 2 2 is shown below: Shareholders Equity $ 1
The shareholders equity section of Chen Industries Limited at November is shown below:
Shareholders Equity
$ cumulative preferred shares, shares issued $
Common shares, shares issued
Retained earnings
$
During the company completed the following transactions:
February Declared a regular cash dividend on the preferred shares.
March Paid the cash dividend
April Declared a stock dividend on the common shares. Market price per
common share was $ share
May Distributed the stock dividend
July Issued common shares for $ share
November Received equipment valued at $ and issued common shares.
REQUIRED:
Journalize Chens transactions. Explanations are not required.
Prepare the shareholders equity section of Chen Industries Limited balance sheet at November Net income for the year ended November was $
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