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Blue Buck Ltd Reported The Following Amounts In The Shareholders’ Equity Section Of Its December 2014 Statement Of

Question

875000

During 2015,blue buck Ltd took part in the following transactions concerning shareholders equity:

  1. paid the annual dividend on the preferred shares and a $2 dividend on the common shares.These dividends had been declared on 28 December 2014.
  2. Issued 500 preferred shares at $105.
  3. Received equipment with a market value of $77600 for 7500 common shares
  4. Appropriated retained earnings for plant expansion $200000

use journal entries to record the transactions .Narratives are not required.

Finance