Solution-Provide journal entries that would account for the

Provide journal entries that would account for the changes

Assignment Help Accounting Basics

Reference no: EM132178891

Question - The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows:

	2020	2019
Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,000 shares issued	$182,000	$182,000
Share capital, 5,000,000 common shares authorized, 1,280,000 common shares issued (2019-1,090,000 shares)	5,310,000	4,360,000
Retained earnings	3,902,000	3,114,000
Total shareholders' equity	$9,394,000	$7,656,000

During 2020, Deer paid a total of $124,400 in cash dividends.

Required - Both common shares and retained earnings changed during the year. Provide journal entries that would account for the changes.

Reference no: EM132178891

Questions Cloud

Identify the organization you researched : Identify the organization you researched and include the URL for the page of the utilization management plan that you examined.

Describe the existing knowledge on a topic : Describe the existing knowledge on a topic by way of summary and reporting expressions - Make a claim that will address the gap (knowledge deficit) in the exist

Number of formal complaints about unfair dismissal : The company has already faced a number of formal complaints about unfair dismissal, some of which have ended up in court.

Appropriate for the work performed : Is the compensation of Honda Motor's C.E.O. (Takahiro Hachigo) appropriate for the work performed? Why or why not?

Provide journal entries that would account for the changes : Both common shares and retained earnings changed during the year. Provide journal entries that would account for the changes

Appropriate for the work performed : Is the compensation of Apple's C.E.O. (Tim Cook) appropriate for the work performed? Why or why not?

What does whole foods do to promote collaboration : What does Whole Foods do to promote collaboration and cohesiveness among their teams?

The healthcare environment of healthcare reform : Why does a healthcare leader need a foundation in ethics to be effective in the healthcare environment of healthcare reform?

Explain what human resource management : Explain what human resource management is and how it relates to the management process.

User Account

All Pages

Provide journal entries that would account for the changes

Reference no: EM132178891

Reference no: EM132178891

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT