NAME: SCORE: SECTION: PROFESSOR: Problem #16 Shareholders' Equity Section The shareholders' equity T-accounts of Geron Greeting Cards, Inc. for the year ended Dec. 31, 2019, are as follows: Ordinary Shares Jan. 1 Balance 3,000,000 Mar. 7 Issued 1,350,000 4,350,000 27,000 shares Dec. 31 Balance Share Premium-Ordinary Jan. 1 Balance 480,000 Mar. 7 Issued 27,000 shares 324,000 Dec. 31 Balance 804,000 Treasury Stock Aug. 7 Purchased 4,500 shares 216,000 Retained Earnings 37,500 Mar. 31 Dividends Jan. 1 Balance 5,220,000 June 30 Dividends 37,500 Dec. 31 Closing (profit) Sept. 30 Dividends 37,500 765,000 Dec. 31 Dividends 37,500 Dec. 31 Balance 5,835,000 Required: Prepare the shareholders' equity section for the year ended Dec. 31, 2019.
NAME: SCORE: SECTION: PROFESSOR: Problem #16 Shareholders' Equity Section The shareholders' equity T-accounts of Geron Greeting Cards, Inc. for the year ended Dec. 31, 2019, are as follows: Ordinary Shares Jan. 1 Balance 3,000,000 Mar. 7 Issued 1,350,000 4,350,000 27,000 shares Dec. 31 Balance Share Premium-Ordinary Jan. 1 Balance 480,000 Mar. 7 Issued 27,000 shares 324,000 Dec. 31 Balance 804,000 Treasury Stock Aug. 7 Purchased 4,500 shares 216,000 Retained Earnings 37,500 Mar. 31 Dividends Jan. 1 Balance 5,220,000 June 30 Dividends 37,500 Dec. 31 Closing (profit) Sept. 30 Dividends 37,500 765,000 Dec. 31 Dividends 37,500 Dec. 31 Balance 5,835,000 Required: Prepare the shareholders' equity section for the year ended Dec. 31, 2019.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.24E
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