Reference no: EM132873063
Question - The accounts shown below appear in the December 31, 2020 trial balance of Lee Jong Suk (LJS) Company.
Preference share capital authorized, 100 par 5,000,000
Ordinary Share Capital, 10 par 2,000,000
Unissued preference share capital 1,800,000
Unissued ordinary share capital 1,000,000
Subscriptions receivable, ordinary 180,000
Subscriptions receivable, preference 190,000
Preference share capital subscribed 300,000
Ordinary share capital subscribed 220,000
Treasury preference shares (700 shares at cost) 680,000
Share premium 850,000
Retained earnings 2,000,000
Required - What is the amount of shareholders' equity on December 31, 2020?
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