On December 31, 2020, shareholders' equity accounts of Green Products Inc. (GPI) had the balances...
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On December 31, 2020, shareholders' equity accounts of Green Products Inc. (GPI) had the balances shown below. GPI paid dividends of $4,096 on December 1, 2020. (Click the icon to view the shareholders' equity balances.) 1. GPI sold 10,000 common shares on June 30,2020 . What was the average selling price of these shares if this was the only common-shares transaction during 2020 ? 2. Journalize GPI's sale of the common shares on June 30,2020. 3. Based only on the above information, did GPI earn a profit or loss during 2020 ? Calculate the profit or loss
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On December 31, 2020, shareholders' equity accounts of Green Products Inc. (GPI) had the balances shown below. GPI paid dividends of $4,096 on December 1, 2020. (Click the icon to view the shareholders' equity balances.) 1. GPI sold 10,000 common shares on June 30,2020 . What was the average selling price of these shares if this was the only common-shares transaction during 2020 ? 2. Journalize GPI's sale of the common shares on June 30,2020. 3. Based only on the above information, did GPI earn a profit or loss during 2020 ? Calculate the profit or loss 