he Data Group Inc. had the following balances in its equity accounts at December 3 1 ,
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Question:
he Data Group Inc. had the following balances in its equity accounts at December :
Common shares, unlimited shares authorized; shares issued and outstanding $
Retained earnings
During the following equity transactions occurred:
Apr. Repurchased and retired common shares at $ per share.
May Repurchased and retired common shares at $ per share.
Nov. The board of directors declared a : share split effective on this date.
Required:
Prepare journal entries to account for the transactions during assuming the retirements were the first ever recorded by The Data Group Inc.If no entry is required for a transactionevent select No journal entry required" in the first account field.
Prepare the companys equity section on the December balance sheet, assuming a loss for the year of $
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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