Python Metal Products Ltd reported the following shareholders' equity at October :
IClick the icon to view the shareholders' equity data.
On November Python Metal Products Ltd split its common shares for
Required
Make the memorandum entry to record the share split.
Prepare the shareholders' equity section of the balance sheet immediately after the split.
Requirement Make the memorandum entry to record the share split.
On November Python distributed one new common share for each old share previously outstanding.
Number of shares issued and outstanding before the share split:
Number of shares issued and outstanding after the share split:
Shareholders' equity
tableCommon shares, unlimited shares authorized, shares issued and outstandingRetained earnings,,Total shareholders' equity,$
