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Provide journal entries for the two years ending 3 0 April 2 0 2 4 all the below information: Jupiter Holdings Ltd is a listed
Provide journal entries for the two years ending April all the below information:
Jupiter Holdings Ltd is a listed company on the JSE. Jupiter Holdings Ltd has a April reporting period and the company is a registered VAT vendor. All of its suppliers and customers are registered for VAT purposes at a rate of
Jupiter Holdings Ltd acquired of the issued ordinary shares of Venus Pty Ltd on December at a cost of R
Legal fees of R incurred by Jupiter Holdings Ltd on this acquisition wasincluded in the entry
On April Jupiter Holdings Ltd invoiced Venus Pty Ltd for management services provided, R Venus Pty Ltd settled the invoice on April
On April Venus Pty Ltd declared an ordinary share dividend of c per share to shareholders. On the same day Jupiter Holdings Ltd sent an invoice of R to Venus Pty Ltd for management services provided.
Venus Pty Ltd made a payment for both dividends and management fees to Jupiter Holdings Ltd on April
On April the recoverable amount of the investment in Venus Pty Ltd was determined to be R
Jupiter Holdings Ltd acquired a stake of in the ordinary shares of Mars Ltd on August at an amount of R that included brokerage fees of R
On January Mars Ltd declared and paid a dividend of cents per share.
The following JSE listed share prices of Mars Ltd are applicable:
R
R
R
R
R
R
R
R
On February Jupiter Holdings Ltd sold all of its shares in Mars Ltd to Pluto Ltd and received payment the same day.
Jupiter Holdings Ltd acquired ordinary shares in Saturn Pty Ltd on January at a price of R per share. Brokerage fees of R and securities transfer tax of R were also incurred.
On March Saturn Pty Ltd declared a dividend of c per share.
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