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Crix Company has 500,000 ordinary shares authorized. The equity accounts of the company has the following balances on April 1, 2020:

Share capital- ordinary, $10 par, 200,000 shares issued and outstanding $2,000,000

Share premium- ordinary 1,200,000

Retained Earnings 5,600,000

Transactions during April:

April 10: Company purchased 20,000 shares at $40 each from share holders.

April 30: 40% share dividend was declared.

You are required to:

i. Prepare all necessary journal entries for the April 10 transaction

ii. Prepare all necessary J=journal entries for the April 30 transaction

iii. Prepare Crix Company's Equity extract in as much detail as possible after the April 30

Use the template provided to fill in the answers:

write the corresponding answer next to the correct letter

Cassandra Art April 10 [a] [c] ii) Prepare all necessary journal entries for the April 30 transaction. [2] April 30 e] [h] ii) Prepare Crix Company's Equity Extract in as much detail as possible after the April 30 transaction. [7] Crix Company Equity Extract April 30, 2020 Share Capital - Ordinary: $10 par; 500,000 authorized 200,000 issued; l outstanding Ordinary Share Dividend Distributable [k] Share Premium - Ordinary Retained Earnings Treasury Shares Total Equity al Ordinary shares

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