View Policies Current Attempt in Progress On May 10, Sheffield Co. issues 2,000 7 par value ordinary shares for cash at 15 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation May 10 Save for Later ENGA Debit Credit Attempts: unlimited Submit Answer Current Attempt in Progress Sheffield Ltd's 9 par value ordinary shares is actively traded at a market price of 15 per share. Sheffield issues 6,200 shares to purchase land advertised for sale at 78,500. Journalize the issuance of the shares in acquiring the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Account Titles and Explanation Save for Later ENG Debit Credit Attempts: unlimited Submit Answer 31C Clear View Policies Current Attempt in Progress Concord Enterprises has 75,000 ordinary shares outstanding. It declares a 1 per share cash dividend on November 1 to shareholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation ENG Debit Credit Car 54 DC Da Current Attempt in Progress Skysong Ltd. has 58.000 shares of 10 par value ordinary shares outstanding. It declares a 10% share dividend on December 1 when the market price per share is E18. The dividend shares are issued on December 31 Prepare the entries for the declaration and issuance of the share dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation ENG A Debit Credit c Clear The equity section of Windsor plc consists of ordinary shares (10 par) 2,800,000 and retained earnings 656,000. A 15% share dividend (42,000 shares) is declared when the market price per share is 15. Show the before-and-after effects of the dividend on the following Equity Total equity Outstanding shares. Par value per share ENG Before Dividend After Dividend arc Clear View Policies Current Attempt in Progress On October 31, the equity section of Blossom AG consists of share capital-ordinary CHF 500,000 and retained earnings CHF900,000. Blossom is considering the following two courses of action: (1) declaring a 5% share dividend on the 50,000, CHF10 par value shares outstanding or (2) effecting a 2-for-1 share split that will reduce par value to CHFS per share. The current market price is CHF 12 per: share. Prepare a tabular summary of the effects of the alternative actions on the components of equity, outstanding shares, and par value per share. Equity Share capital-ordinary CHF Share premium-ordinary Before Action CHF After Share Dividend CHF After Share Split 31C Clear D Equity Share capital-ordinary CHF Share premium-ordinary Retained earnings Total equity Outstanding shares CHF CHE CHF CHF CHF Par value per share CHF CHE Save for Later ENG CHF Attempts: unlimited Submit Answer Clear