Question
Zeus Ltd declared a final dividend to its shareholders at the Annual General Meeting on 31.12.2017 of $1,200,000. The amount was finally paid on 31.3.2018.
Zeus Ltd declared a final dividend to its shareholders at the Annual General Meeting on 31.12.2017 of $1,200,000.
The amount was finally paid on 31.3.2018.
Required:
Prepare the Journal Entries for the declaration and distribution of the dividends in 2017 and 2018.
(10 marks)
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Financial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
6th Edition
161853100X, 978-1618531001
