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Westcock Shipbuilding Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. Preferred Shares, $ 4
Westcock Shipbuilding Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. Preferred Shares, $ 4 non cumulative, unlimited number authorized, 7,000 issued Common Shares, unlimited number authorized, 150,000 issued Retained Earnings Accumulated Other Comprehensive Income $ 850,000 2,250,000 1,750,000 22,000 Westcock Shipbuilding Ltd. had the following transactions during 2021: Jan 31 Issued 700 Preferred shares at $ 95 per share. Mar 2 Reacquired 5,000 Common Shares at $ 16 a share. Jun 28 Announced a 3 for 1 stock split of the common shares. Immediately before the split, the share price was $ 13 a share. Declared the annual dividend on the preferred shares for shareholders of record Sept 30, payable Oct 15. Oct 31 Declared a common dividend of $.50 a share for all shareholders of record November 30. The dividend is payable December 15. Sep 15 Do not use commas or dollar signs. Enter negative numbers with a negative sign (-). Fractions should be entered as a decimal. Required: a) Record all of the transactions. a a) Record all of the transactions. Jan 31 Cash 66500 Preferred Shares 66500 Mar 2 Jun 28 No entry. Number of Common shares is now Sep 15 Cash Dividends - Preferred Dividends Payable I Sep 30 No entry Oct 15 Cash Dividends - Preferred Cash Oct 31 Retained Earnings Nov 30 No entry in 28 No entry Number of Common shares is now - 15 Cash Dividends - Preferred Dividends Payable 30 No entry Oct 15 Cash Dividends - Preferred Cash Oct 31 Retained Earnings . Nov 30 No entry Dec 15 > Please answer all parts of the
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