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1. Make the journal entries to record Greg'sTunes' declaration and payment of dividends during 2016. Dividends were declared on 1 November and paid on 1

1.

Make the journal entries to record

Greg'sTunes'

declaration and payment of dividends during

2016.

Dividends were declared on 1

November

and paid on 1

December.

2.

How much cash did the issuing of shares bring in during

2016?

3.

What amount did

Greg'sTunes

pay to purchase any of its own shares during the year? Journalise any such purchase

.

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