Question: Assignment 9 - Ch 13 3 15 points 01:18:01 Print Bandara Gold Inc.'s equity section on the October 31, 2023, balance sheet showed the following

Assignment 9 - Ch 13 3 15 points 01:18:01 Print Bandara Gold Inc.'s equity section on the October 31, 2023, balance sheet showed the following information: Common shares, unlimited shares authorized, 1,020,000 shares issued and outstanding Retained earnings Date Nov 15 Nov 20 Nov 29 On November 15, 2023, Bandara's board of directors declared a 3:1 share split to the shareholders of record on November 20 to be distributed on November 29. The market prices of the shares on November 15, 20, and 29 were $2.75, $0.80, and $0.86, respectively. Required: 1. Prepare the required entries for November 15, 20, and 29. Note Disclosure Saved $1,836,000 178,000 Amount 2. Prepare the equity section on the November 30, 2023, balance sheet, assuming profit earned during November 2023 was $234,000. BANDARA GOLD INC. H
 Assignment 9 - Ch 13 3 15 points 01:18:01 Print Bandara

Bandara Gold incis equity section on the October 31,2023 , balance sheet showed the following information: On November 15, 2023, Bandara's board of directors declared a 31 share spla to the shareholders of record on November 20 to be distributed on November 29 . The matket prices of the shares on November 15,20 , and 29 were $2.75,50.80, and $0.85, respectively Required: 1. Prepore the required entries for November 15, 20, and 29 2. Prepare the equity section on the November 30,2023, balance sheet, assuming profit earned during November 2023 was $234,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!