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C. Hayfa Bhd has 50,000 shares, RM50,000 for ordinary share outstanding. Prepare journal entries to record the following transactions as they relate to the

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C. Hayfa Bhd has 50,000 shares, RM50,000 for ordinary share outstanding. Prepare journal entries to record the following transactions as they relate to the company's ordinary share: Date 11 June 30 June 8 August 8 September Transactions Declared a RM0.50 per share cash dividend on ordinary share to be paid on 8 August to shareholders of record on 30 June. Date of record. Paid the cash dividend declared on 11 June. Issued additional 30,000 ordinary shares for RM1.20 per share. (4 Marks)

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