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Use the relevant information provided below to prepare the following: 4.1 Journal entries to record the final dividend and total company tax for the financial
Use the relevant information provided below to prepare the following: 4.1 Journal entries to record the final dividend and total company tax for the financial year. (4 marks) 4.2 Statement of Financial Position (Balance Sheet) as at 31 August 2022 (16 marks) INFORMATION The following balances were obtained from the accounting records of Cadac Limited on 31 August 2622 , the end of the financial year: Additional information a) Depreciation on equipment and vehicles for the year ended 31 August 2022 amounted to R3 000 and R20 000 respectively. b) A final dividend of 10 cents per ordinary share was declared but not paid. There were 200000 ordinary shares in issue. (This dividend was included in the calculation of retained profit.) c) The total company tax for the financial year amounted to R200 000. The provisional payments to the tax authority amounted to R185000
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