Question: answer fast please i dont have time Rayan Co. has outstanding 20,000 shares of 10 par value ordinary shares and retained earnings of 500,000. If

 answer fast please i dont have time Rayan Co. has outstanding
answer fast please i dont have time

Rayan Co. has outstanding 20,000 shares of 10 par value ordinary shares and retained earnings of 500,000. If Kenan declares a 2-for 1 share split when the fair value of the shares is 85 per share the entry includes: 1. OA debit to Retained Earnings for 20,000 2. A credit to Share Premium-Ordinary for 65,000 3. A debit to cash for 85,000 4. No entry is required for a share split

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