NAME:SCORE:SECTION:PROFESSOR:Problem #16Shareholders' Equity SectionThe shareholders' equity T-accounts of Geron Greeting Cards, Inc. for the year endedDec. 31, 2019, are as follows:Ordinary SharesJan. 1 Balance3,000,000Mar. 7 Isued1,350,0004,350,00027,000 sharesDec. 31 BalanceShare Premium-OrdinaryJan.1 Balance480,000Mar. 7 Isued27,000 shares324,000Dec. 31 Balance804,000Treasury StockAug. 7 Purchased4,500 shares216,000Retained EarningsMar. 31 Dividends37,500Jan. 1 Balance5,220,000June 30Dividends37,500Dec. 31 ClosingSept. 30Dec. 31 DividendsDividends37,500(profit)Dec. 31 Balance765,00037,5005,835,000Required: Prepare the shareholders' equity section for the year ended Dec. 31, 2019.

The shareholders equity T accounts are given for the year ended 31st December 2019. Required…

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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