Hello can someone do the t account im so stuck
January 1,2014 balances are as follows:
Share capital-ordinary, $20 stated value (500 000 sharesauthorized, 375 000 issued) …… $7 500 000
Share premium-ordinary ……… $825 000
Retained earnings …….. $33 600 000
Treasury shares (25 000 shares, at cost) …… 450 000
Question 1. Enter january 1 balances in T accounts for theequity accounts listed. Also prepare T accounts for the following:share premium from sale of treasury share; stock dividendsdistributable; stock dividends; cash dividends.