S. Green Ltd has authorised share capital of 100 000 ordinary shares of $1 each. The company
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S. Green Ltd has authorised share capital of 100 000 ordinary shares of $1 each.
The company decided to issue 50 000 ordinary shares at $1.50 each. These shares were fully subscribed and paid up. After six months, the company paid a dividend of $0.05 per share. Prepare the journal entries to record the issue of ordinary shares and the payment of the dividend.
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