The following is the account balances at 1 Jan 2019 Share Capital -Preference (6%, $100 par...

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The following is the account balances at 1 Jan 2019 Share Capital -Preference (6%, $100 par , non cumulative, 5,000 shares authorized) 500,000 Share Capital -Ordinary ($5 stated value, 300,000 shares authorized) 1,000,000 Share Premium – Preference 20,000 Share Premium - Ordinary Share Premium - Treasury 425,000 Retained Earnings 467,000 Treasury Shares-Ordinary (5,000 shares) 40,000 ** your answers should include numerals only, no dollar sign ("$ "), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded If 2000 treasury shares was sold for $18,000 on 31 March 2019, the Share Premium-Treasury account balance at the end of 31 March 2019 was $ If 2000 treasury shares was sold for $11,000 on 30 April 2019, Share Premium -Treasury account balance at the end of 30 April was $ If remaining 1000 treasury shares was sold for $ 4,000 on 31 May 2019, Share Premium -Treasury account balance at the end of 31 May 2019 was $ . The retained earnings at the end of 31 May 2019 was $ The total dividend for all the perference shares for the year was $ If the account balances of Share Capital-Ordinary at 31 December 2019 was $2,000,000 and Share Premium-Ordinary was $1,025,000. The number of ordinary shares issued in year 2019 was , the issued price per share was $ and the total cash proceeds from issue of shares was $ if all the shares are issued for cash. (Assumption: no other transactions took place) The following is the account balances at 1 Jan 2019 Share Capital -Preference (6%, $100 par , non cumulative, 5,000 shares authorized) 500,000 Share Capital -Ordinary ($5 stated value, 300,000 shares authorized) 1,000,000 Share Premium – Preference 20,000 Share Premium - Ordinary Share Premium - Treasury 425,000 Retained Earnings 467,000 Treasury Shares-Ordinary (5,000 shares) 40,000 ** your answers should include numerals only, no dollar sign ("$ "), no comma ",", eg five thousand dollars should be input as 5000, otherwise, no marks will be awarded If 2000 treasury shares was sold for $18,000 on 31 March 2019, the Share Premium-Treasury account balance at the end of 31 March 2019 was $ If 2000 treasury shares was sold for $11,000 on 30 April 2019, Share Premium -Treasury account balance at the end of 30 April was $ If remaining 1000 treasury shares was sold for $ 4,000 on 31 May 2019, Share Premium -Treasury account balance at the end of 31 May 2019 was $ . The retained earnings at the end of 31 May 2019 was $ The total dividend for all the perference shares for the year was $ If the account balances of Share Capital-Ordinary at 31 December 2019 was $2,000,000 and Share Premium-Ordinary was $1,025,000. The number of ordinary shares issued in year 2019 was , the issued price per share was $ and the total cash proceeds from issue of shares was $ if all the shares are issued for cash. (Assumption: no other transactions took place)

Answer rating: 100% (QA)

1 The Share PremiumTreasury account balance at the end of 31 March 2019 was 2000 Calculated as Cash ... View the full answer