Question
B. Hard Wok Cafe Corporation has 100,000 common shares outstanding. The following transactions related to the company's shares took place during the year: (15 Marks)
B. Hard Wok Cafe Corporation has 100,000 common shares outstanding. The following
transactions related to the company's shares took place during the year: (15 Marks)
Apr.15 Declared a 30% share dividend to shareholders of record on May 1. To be issued May 10
May.10 Issued share dividend
Prepare the journal entries to record the transactions, assuming the date of record is
May 1.
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Financial Accounting A Focus On Interpretation And Analysis
Authors: Richard F Kochanek, A Douglas Hillman
7th Edition
1111061750, 9781111061753
