On January 1, 2020 a company had the following equity balances.

CHF

Share Capital – Ordinary (200,000 shares issued) 600,000

Share Premium – Ordinary 400,000

Retained Earnings 500,000

During 2020, the following transactions and events occurred:

a) Issued 20,000 ordinary shares for cash at CHF4 per share.

b) Purchased 20,000 ordinary shares for the treasure at CHF6 per share.

c) Declared and paid cash dividend of CHF100,000.

d) Sold 5,000 treasury shares for cash at CHF5 per share.

e) Earned net profit of CHF10,000.

Please do not use thousands separators (,).

Determine the values as at 31 December 2020	Answer (CHF in thousands)
Share capital	Answer
Share premium	Answer
Retained earnings	Answer
Treasury shares	Answer
Total equity	Answer

Answer rating: 100% (QA)

Answer a Share capital 620000 b Share premium 400000 c Retained earnings 510000 d Treasury shares 15... View the full answer