INSTRUCTION 3.1 Use the information to complete the following accounts in the General Ledger on 30 June 2018 3.1.1 SARS (Income tax) (6) 3.1.2 Shareholders for ordinary dividends (5) 3.1.3 Appropriation account (4) INFORMATION GENERAL LEDGER OF POPS LTD. Cr BALANCE SHEET ACCOUNTS SECTION Dr SARS (INCOME TAX) 2017 2017 Aug 15 Bank CPJ ? Jul 1 Balance 2018 2018 ? Jan 1 Bank CPJ 23 590 Jun 30 b/d 65 900 GJ Jun 29 Bank CPJ ? Balance clo ? 2018 Jul 1 Balance b/d ? Cr Dr SHAREHOLDERS FOR ORDINARY DIVIDENDS 2017 2017 Aug 15 Bank CPJ 89 000 Jul 1 Balance 2018 2018 Jun 30 Balance b/d Jun 30 ? b/d ? GJ ? 2018 Jul 1 Balance b/d ? Dr 2018 Jun Cr 225, 000 APPROPRIATION ACCOUNT 2018 Profit and GJ ? Jun 30 loss Retained GJ ? income 30 Income tax Dividends on ordinary shares GJ GJ 45 800 ? GJ 94 580 Additional information 1. Share capital and dividend information comprise of the following: Balance on 1 July 2017: 200 000 ordinary shares at R2 each 15 000 shares were issued on 1 September 2017 at R2,80 each. An interim dividend of 24 cents per share was paid on 1 November 2017 9 000 shares were bought back on 1 December 2017 at R3 each. A final dividend of 28 cents per share was declared. 2. Income tax is calculated at 30% on profit before tax. 3. The amount receivable from SARS on 30 June 2018 is R4 660. [15] INSTRUCTION 3.1 Use the information to complete the following accounts in the General Ledger on 30 June 2018 3.1.1 SARS (Income tax) (6) 3.1.2 Shareholders for ordinary dividends (5) 3.1.3 Appropriation account (4) INFORMATION GENERAL LEDGER OF POPS LTD. Cr BALANCE SHEET ACCOUNTS SECTION Dr SARS (INCOME TAX) 2017 2017 Aug 15 Bank CPJ ? Jul 1 Balance 2018 2018 ? Jan 1 Bank CPJ 23 590 Jun 30 b/d 65 900 GJ Jun 29 Bank CPJ ? Balance clo ? 2018 Jul 1 Balance b/d ? Cr Dr SHAREHOLDERS FOR ORDINARY DIVIDENDS 2017 2017 Aug 15 Bank CPJ 89 000 Jul 1 Balance 2018 2018 Jun 30 Balance b/d Jun 30 ? b/d ? GJ ? 2018 Jul 1 Balance b/d ? Dr 2018 Jun Cr 225, 000 APPROPRIATION ACCOUNT 2018 Profit and GJ ? Jun 30 loss Retained GJ ? income 30 Income tax Dividends on ordinary shares GJ GJ 45 800 ? GJ 94 580 Additional information 1. Share capital and dividend information comprise of the following: Balance on 1 July 2017: 200 000 ordinary shares at R2 each 15 000 shares were issued on 1 September 2017 at R2,80 each. An interim dividend of 24 cents per share was paid on 1 November 2017 9 000 shares were bought back on 1 December 2017 at R3 each. A final dividend of 28 cents per share was declared. 2. Income tax is calculated at 30% on profit before tax. 3. The amount receivable from SARS on 30 June 2018 is R4 660. [15]
