HI5020 Corporate Accounting - Online Exam

Get Expert's Help on Assessment Writing

Question 1 (10 marks)

Prepare general journal entries to record the following unrelated transactions of a limited company:

  • Payment of an interim dividend of $400,000 (in cash).
  • Declaration of a final dividend of $840,000.
  • Transfer of $240,000 to the general reserve from retained earnings.
  • Payment of 600,000 bonus shares, fully paid at $1 per share from a general reserve.
  • Issued 500,000 shares for $30,000,000 by a private placement.

Breathe a Sign of Relief with our Academic Assistance: Get instant help, 100% personalized and accurate solutions that make your study life better.

Expert's Answer

Your future, our responsibilty submit your task on time.

Order Now

 

Need Urgent Academic Assistance?

Get Professional Help at Low Prices!

*
*
*


*

 

 

Plagiarism Checker

Submit your documents and get Plagiarism report
Check Plagiarism

Chat with our Experts

Want to contact us directly? No Problem. We are always here for you

TOP
Order Notification

[variable_1] from [variable_2] has just ordered [variable_3] Assignment [amount] minutes ago.