Question
A)On 18 April 2020, Lary Lawn Service Ltd declared a total dividend of $5500 to ordinary shareholders registered on the record date of 23 April,
A)On 18 April 2020, Lary Lawn Service Ltd declared a total dividend of $5500 to ordinary shareholders registered on the record date of 23 April, to be paid on 1 May.
Requirements (4 MARKS)
1.
Journalise the entries related to the dividends on 18 April, 23 April and 1 May 2020.
2.
On 30 April 2020, on what financial statement would the dividend balanceappear? Why?
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
