Question
1.The company paid $490,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020. 2.The company issued 170,000 bonus shares at a
1.The company paid $490,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020.
2.The company issued 170,000 bonus shares at a price of $4 per share from General Reserve account on 30 June.
3.The company earned $1,570,000 profit during the financial year ended 30 June.
4.The company declared $640,000 final dividends on 23 August 2020.
what are the journal entries for these?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
