De Cord Glassroom EBOARD Assignment1 Assignment : Scenario Challenge Research Research to find a Civil case law to provide a solution Students must compile information about the case law on a Word document, properly formatted and using references, and submit Due on Day 3. Notify students that all late assignment deduct 10% per day for any assignment or evaluation in the course manpreet kuura cintcollege.com 7 E R 1. Issue of Shares: Common shares outstanding are 100,000 as on Dec 31, 2020 Retained Earnings 648,000 Mars Dividend declared $1.25 per share payable March 31 Mar 31 Paid dividend declared on March 5 Nov 11 Issued 14000 shares of S 8 each Nov 25 Iuued 5000 shares of S6 each Dec 1 The directors declared a dividend of S2 per share cash dividend payable on Jan 5, 2021 to the Dec 10 shareholders on record. Dec 31 Closed the S321,600 credit balance in the Income summary account to Retained earnings. Dec 31 closed the cash dividend account. Prepare General Joumal entries to record the transactions and closings entries. Prepare a statement of changes in equity for the year ended December 31 hp 19 18 110 17 0 16 CD 15 14 FOTO