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Use the following account codes, determine which accounts to be Dr.Cr.if you have to journalize transactions a. to e.: 01 Cash 02 Dividend 03 Share
Use the following account codes, determine which accounts to be Dr.Cr.if you have to journalize transactions a. to e.: 01 Cash 02 Dividend 03 Share capital- ordinary shares 04 Share capital -preference shares 05 Share premium : ordinary shares 06 Share premium: treasury shares 07 Dividend payable 08 Treasury shares Dr. Cr. Transaction a. Issued ordinary shares for an amount above par value b. Declared cash dividends on ordinary shares to be paid out next month. c. Paid cash dividends of b. above on ordinary shares. d. Purchased treasury shares e. Re-issued treasury shares above cost
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