BE15.11 (LO 3) Silva SpA owns shares of Costa S.A. classified as a trading equity investment. At December 31, 2022, the trading equity investment was carried in Silva's accounting records at its cost, of RS875,000, which equals its fair value. On September 21, 2023, when the fair value of the investment was R$1,200,000, Silva declared a property dividend whereby the Costa securities are to be distributed on October 23, 2023, to shareholders of record on October 8, 2023, Prepare all journal entries necessary on those three dates BE15.12 (LO.3) Zhang Mining Company declared on April 20 a dividend of ¥500,000,000, payable on. June 1. Of this amount, ¥125,000,000 is a return of capital. Prepare the April 20 and June 1 entries for Zhang, BE15.13 (LO 3) Green Day Corporation has outstanding 400,000 shares of $10 par value ordinary shares. The corporation declares a 5% share dividend when the fair value is $65 per share. Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution, BE15.14 (LO.3) Use the information from BE15,13 but assume Green Day Corporation declared a 100% share dividend rather than a 5% share dividend. Prepare the journal entries for both the date of declaration and the date of distribution. *BE15.15 (LO'5) Nottebart AG has outstanding 10,000 shares of €100 par value, 6% preference shares and 60,000 shares of €10 par value ordinary shares. The preference shares were issued in January 2022, and no dividends were declared in 2022 or 2023. In 2024, Nottebart declares a cash dividend of €300,000. How will the dividend be shared by ordinary and preference shareholders if the preference is (a) non-cumulative and (b) cumulative? Exercises 5-1 (LO 1) (Recording the Issuances of Ordinary Shares) During its first year of operations, Sitwell SE had the following transactions pertaining to its ordinary shares, Jan, Issued 80,000 shares for cash at €6 per share. 10 Mar. Issued 5,000 shares to attorneys in payment of a bill for €35,000 for services rendered in 1 helping the company to incorporate. July Issued 30,000 shares for cash at €8 per share. 1 Sept. Issued 60,000 shares for cash at €10 per share. Instructions a, Prepare the journal entries for these transactions, assuming that the ordinary shares have a par value of €3 per share. b. Briefly discuss how the entries in part (a) will change if the shares are no-par with a stated value of €2 per share. E15.2 (LO1) (Recording the Issuance of Ordinary and Preference Shares) Abernathy Corporation was organized on January 1, 2022. It is authorized to issue 10,000 shares of 8%, $50 par value preference shares, and 500,000 shares of no-par ordinary shares with a stated value of $2 per share. The following share transactions were completed during the first year. 4Jan.|Issued 80,000 ordinary shares for cash at $5 per share. 10 Mar. Issued 5,000 preference shares for cash at $108 per share. Apr. Issued 24,000 ordinary shares for land. The asking price of the land was $90,000; the fair value