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What is the amount of shareholders equity on December

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Reference no: EM132871984

Question - The accounts shown below appear in the December 31, 2020 trial balance of Lee Jong Suk (LJS) Company.

Preference share capital authorized, 100 par 5,000,000

Ordinary Share Capital, 10 par 2,000,000

Unissued preference share capital 1,800,000

Unissued ordinary share capital 1,000,000

Subscriptions receivable, ordinary 180,000

Subscriptions receivable, preference 190,000

Preference share capital subscribed 300,000

Ordinary share capital subscribed 220,000

Treasury preference shares (700 shares at cost) 680,000

Share premium 850,000

Retained earnings 2,000,000

Required - What is the amount of shareholders' equity on December 31, 2020?

Reference no: EM132871984

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