SA Plants (Pty) Ltd is a company with branches situated all over South Africa,which stocks everything from pots, plants, trees and tools. The company has a 28 February year-end.

You have been provided with the following extract from the pre-adjusted trial balance as at 28 February 2022:

		28 Feb 2022	28 Feb 2021
Account	Notes	Rand	Rand
Share Capital: Class A	1	500 000	500 000
Share Capital: Class B	2	325 000	300 000
Dividends payable	3	?	-

1. Share Capital: Class A On 28 February 2022, SA Plants (Pty) Ltd had 500 000 Class A shares of R1 each. The Class A shares have voting rights and no fixed distribution right. 2. Share Capital: Class B On 28 February 2021, SA Plants (Pty) Ltd had 150 000 Class B shares of R2 each. On 1 September 2021,SA Plants (Pty) Ltd issued an additional 10 000 Class B shares at R2.50 per share. The Class B shares have no voting rights and have a right to a fixed, cumulative distribution of 8% in preference of the Class A dividends. 3. Dividends: The directors have recommended that the final Class B dividend for the year be accounted for. The directors declared a Class A dividend of 35 cents per share, the dividend payment was made on 20 March 2022.

question 1. Prepare the general journal entries required to process all the transactions in Note 3: Dividends in the records of SA Plants (Pty) Ltd for the financial year ended 28 February 2022. (11 marks)