Question: Please complete in the fields provided. also include any calculations used thank you in advance The following shareholders' equity accounts are reported by Blossom Inc.


The following shareholders' equity accounts are reported by Blossom Inc. on January 1: The following selected transactions occurred during the year: Feb. 11 Issued 50,500 common shares at $20 per share. Mar. 2 Reacquired 19,600 common shares at $22 per share. June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share. July 25 Reacquired 390 preferred shares at $70 per share. Sept. 16 Reacquired 50,500 common shares for $17 per share. Oct. 27 Declared a 5% common stock dividend distributable on December 13 to shareholders of record on November 24. The fair value of the common shares on October 27 was $19 per share. Dec. 13 Distributed the stock dividend declared on October 27. The fair value of the common shares on December 13 was $21 per share. (Issued common shares for cash.) Mar:2 (To record reacquisition of common shares.) (To record reacquisition of preferredshares.) Sept. 16 (To record reacquisition of (Torecord reacquisit To record declaration of stock dividend.) Forecord dintribution of stock dividend)
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