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Question 3 Prepare journal entries for the following transactions for Goose Pty Ltd: Transferred from General Reserve $200,000 to provide for the upcoming interim dividend

Question 3

Prepare journal entries for the following transactions for Goose Pty Ltd:

  1. Transferred from General Reserve $200,000 to provide for the upcoming interim dividend
  2. An interim dividend of $250,000 was declared and paid on 15 December 2017
  3. Increase in book value of land and buildings by $200,000

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