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Express Deliveries Ltd reports the following information on 1 July 2021. Share capital $ 1,000,000 1,000,000 General reserve $ 300,000 Retained earnings$ On 31 December
Express Deliveries Ltd reports the following information on 1 July 2021. Share capital $ 1,000,000 1,000,000 General reserve $ 300,000 Retained earnings$ On 31 December 2021, Express Deliveries Ltd declares an interim dividend of $50,000. The interim dividend is paid on 15 January 2022. Express Deliveries Ltd has earned profit before tax of $200,000 for the year ended 30 June 2022 and needs to record inco On 30 June 2022, Express Deliveries Ltd declares a final dividend of $150,000. [11 marks] Required: Prepare journal entries for the year ended 30 June 2022. Narrations are not required. Using the templates is optiona Date Accounts Debit Credit
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