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ASAP Please Q1 ...

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Accounting

ASAP Please Q1

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Question 1 of 4 - / 1.25 E (To record payment of dividend.) July 1 Memo: 2-for-1 stock split increases the number of shares to V (To record declaration of Stock dividend.) (To close Income Summary) (To close dividends to retained earnings.) eTextbook and Media List of Accounts Question 1 of 4 > -1.25 E Enter the beginning balances from the December 31, 2020, partial balance sheet. Post the entries in part (a) to the shareholders' equity accounts (Note:Open additional shareholders' equity accounts as needed.) Common Shares Debit Date Explanation Ref. Jan 1 Balance Credit Balance Date Explanation Ref. Stock Dividends Distributable Debit Credit Balance Dec 15 J1 Date Explanation Ref. Cash Dividends-Common Debit Credit Balance Jan 15 J1 1 Dec 31 Closing entry J1 Stock Dividends Debit Date Explanation Ref. Credit Balance Dec. 15 J1 Dec 31 Closing entry Retained Earnings Debit Credit Balance Date Explanation Ref. Jan. 1 Balance Dec 31 Closing entry 31 J1 Dec 31 Closing entry e Textbook and Media List of Accounts Prepare the shareholders' equity section of the balance sheet at December 31, 2021 CRANE CORPORATION Partial Balance Sheet ho S $ e Textbook and Media List of Accounts

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