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Posted on Jun 10, 2024

The following account balances existed as at 3 0 June 2 0 2 4 : Cindy Ltd: Dividend Revenue $ 5 , 5 0 0

The following account balances existed as at $30$ June $2024$ :

Cindy Ltd: Dividend Revenue $ $5, 500$ and Dividend Receivable $ $1, 000 .$

Vida Ltd: Dividend Paid $ $2, 000$ and Dividend Payable $ nil.

Required:

Prepare the consolidation elimination journal entry for intra $-$ group dividend for the year ending $30$ June $2024 . ($ Narrations are required $)$

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