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The following share capital transactions were reported by X Company
a. At the start of the year, X issued 200,000 ordinary shares at 120,000 per value.
b. X subsequently acquired 50,000 shares at 10% above par
c. Before the end of the year, X declared 20% share dividend where is selling price was 20% above par.
d. Towards the end of the year, X declared stock split of 5% for every share
e. At the end of the year, X retired 50,000 shares in treasury shares
Required:
Problem 1. Journalize the above transactions
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