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1. The retained earnings accounts of the Cozy Corporation are as follows: Appropriation for Bonded Indebtedness Appropriations for contingencies Unappropriated P 110,000 130,000 200,000 During
1. The retained earnings accounts of the Cozy Corporation are as follows: Appropriation for Bonded Indebtedness Appropriations for contingencies Unappropriated P 110,000 130,000 200,000 During the month of August, the following transactions took place: (a) Declared cash dividend of P 60,000. (b) Decreased the appropriation for contingencies to P 100,000. (c) Established in appropriation for Plant Expansion account with annual deposits of P 20,000. (d) Increased the appropriation for bonded indebtedness by P20,000. Record the transactions in general journal entry form
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