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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
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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