Please explain how i finish the schedule for June 30 preferred shares. ...
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Please explain how i finish the schedule for June 30 preferred shares.
Bramble Construction Ltd. reported the following information related to its shareholders' equity on January 1,2024 , the first day of its fiscal year. $0.50 noncumulative preferred shares, unlimited number of shares authorized, 128,000 shares issued $1,408,000 Common shares, unlimited number of shares authorized, 1,408,000 shares issued 4,252,360 Retained earnings 631,680 During the year, the following transactions relating to shares occurred. 1. May 15, 2024, issued 5,120 preferred shares for cash of $11.50 per share. 2. Purchased a Caterpillar bulldozer on June 5, 2024, in exchange for a cash payment of $19,200, and issued 115,200 common shares with an estimated fair value of $3.15 per share. The fair value of the bulldozer was unavailable. 3. June 30, 2024, issued 5,632 preferred shares in exchange for legal services (Legal Fees Expense) in the amount of $70,400. The preferred shares had an estimated fair value of $11.60 per share on June 30,2024. 4. November 30,2024 , declared and paid $54,200 of dividends to the preferred shareholders. The following operating information was provided for the year: Bramble Construction Ltd follows ASPE Prepare a schedule showing all transactions for common shares and preferred shares and show the calculation of the average cost of shares issued. (Round average cost to 2 decimal places, eg. 52.75 and final answers to 0 decimal ploces. e. 5.275) Common Shares: Preferred Shares
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