Bramble Construction Ltd. prepares its reports using IRS. The following information relates to its shareholders' equity on January 1, 2023, the first day of its fiscal year.

$0.80-noncumulative preferred shares, unlimited number of shares authorized, 100,000 shares issued

Common shares, unlimited number of shares authorized, 1,130,000 shares issued

Contributed surplus (repurchase of common shares)

Retained earnings

Accumulated other comprehensive income

$1.200.000

3.412.600

14.300

7.350,000

(468.000)

During the year, there were the following transactions related to shares.

4.

5.

6.

On May 15, 2023, Bramble purchased equipment in exchange for 90,000 common shares with a market value of $3.20 per share. The fair value of the equipment was $296,200.

On June 1, 2023, Bramble's board of directors declared the semi-annual dividend to the preferred shareholders of record on June 15, payable June 30.

The semi-annual dividend to the preferred shareholders is paid on the appropriate date.

On September 16, 2023, reacquired 45,000 common shares for $160,000 cash.

On December 15, 2023, Bramble's board of directors declared the second semi-annual dividend to the preferred shareholders and a 10% stock dividend to the common shareholders for shareholders of record on December 31, 2023 payable January 20, 2024. The market price of the common shares at December 15, 2023 was $4 per share.

Reported comprehensive income of $1,450,000 for the year, consisting of $1,450,000 of profit and $0 other comprehensive income.

2. Your answer is partially correct. Journalize each of the transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement.) Bramble Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders' equity on January 1 2023, the first day of its fiscal year. During the year, there were the following transactions related to shares. 1. On May 15, 2023, Bramble purchased equipment in exchange for 90,000 common shares with a market value of $3.20 per share. The fair value of the equipment was $296,200. 2. On June 1, 2023, Bramble's board of directors declared the semi-annual dividend to the preferred shareholders of record on June 15, payable June 30. 3. The seml-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16,2023 , reacquired 45,000 common shares for $160,000 cash. 5. On December 15, 2023, Bramble's board of directors declared the second semi-annual dividend to the preferred shareholders and a 10% stock dividend to the common shareholders for shareholders of record on December 31 , 2023 payable January 20, 2024. The market price of the common shares at December 15,2023 was $4 per share. 6. Reported comprehensive income of $1,450,000 for the year, consisting of $1,450,000 of profit and $0 other comprehensive income. 2. Your answer is partially correct. Journalize each of the transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement.) Bramble Construction Ltd. prepares its reports using IFRS. The following information relates to its shareholders' equity on January 1 2023, the first day of its fiscal year. During the year, there were the following transactions related to shares. 1. On May 15, 2023, Bramble purchased equipment in exchange for 90,000 common shares with a market value of $3.20 per share. The fair value of the equipment was $296,200. 2. On June 1, 2023, Bramble's board of directors declared the semi-annual dividend to the preferred shareholders of record on June 15, payable June 30. 3. The seml-annual dividend to the preferred shareholders is paid on the appropriate date. 4. On September 16,2023 , reacquired 45,000 common shares for $160,000 cash. 5. On December 15, 2023, Bramble's board of directors declared the second semi-annual dividend to the preferred shareholders and a 10% stock dividend to the common shareholders for shareholders of record on December 31 , 2023 payable January 20, 2024. The market price of the common shares at December 15,2023 was $4 per share. 6. Reported comprehensive income of $1,450,000 for the year, consisting of $1,450,000 of profit and $0 other comprehensive income