Question
During the period ending 30 June 2019, (1/07/2018 to 30/06/2019) the following events occurred in relation to Snowy Limited: (a)September 25. Annual general meeting approved
During the period ending 30 June 2019, (1/07/2018 to 30/06/2019) the following events occurred in relation to Snowy Limited:
(a)September 25. Annual general meeting approved the final dividend of $10 000.
(b)September 30. Snowy Ltd paid the final dividend to shareholders.
(c)January 10. Snowy Ltd paid an interim dividend of $8 000.
(d)January 10. $10 000 transferred from retained earnings to general reserve.
(e)February 18. $4000 transferred from asset revaluation surplus to retained earnings.
Prepare the journal entries to record the above transactions.
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Financial Statement Analysis And Security Valuation
Authors: Stephen H Penman
4th Edition
0073379662, 9780073379661
