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Progress On January 1, 2020, Tamarisk SpA had the following equity accounts 1.500.000 Share Capital-Ordinary...

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Accounting

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Progress On January 1, 2020, Tamarisk SpA had the following equity accounts 1.500.000 Share Capital-Ordinary (25 par value, 60.000 shares issued and outstanding) Share Premium-Ordinary Retained Earnings 215,000 675.000 During the year, the following transactions occurred, Feb. 1 Declared a 1 cash dividend per share to shareholders of record on February 15, yable March Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 5-for 1 stare split. Prior to the split, the market price per she was 3. July 1 Declared a 10% sure dividend to shareholders of record on July 15.distributable July 31. Only the market price was 7 per share Ia 31 Issued the shares for the share dividend. Dec 1 Declared a 0.40 per share dividend to shareholders of record on December 15, payable January 3 2021 Determined that net income for the year was 350,000 31 Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.)

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