Wellington Ltd had the following equity accounts at 1 July 2016.

Share capital, 100,000 fully paid shares$300,000

Revaluation surplus60,000

Retained earnings150,000

The following transactions occurred during the year ended 30 June 2017.

15 AugFinal dividend for the year ended 30 June 2016 of 15c a share was declared

1OctPaid final cash dividend.

6JanWellington Ltd declared an interim share dividend of 12%. The shares were to be issued at $3 per share.

15 Mar Shares were issued as dividends. The value of each share was $3.

30 Jun $12,000 was transferred to general reserve.

Required

Prepare journal entries to record the dividend transactions and the transfer to general reserve.