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Prepare the shareholder equity section of the balance sheet

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Reference no: EM132738108

Question: The shareholder's equity for Julie's Occupational Therapy Limited on 30 June is as shown. On 31 October, the market price of Julie's Occupational Therapy ordinary shares were $5.54 per share and the company distributed a dividend of $3,878 to be satisfied by the issue of further shares valued at $5.54 each.

Shareholder's equity

Share Capital:

530 Ordinary shares $ 2,650

Retained earnings $121,000

Total shareholder's equity $123,650

Journalise the distribution of the share dividend.

Prepare the shareholder's equity section of the balance sheet after the share dividend.

Reference no: EM132738108

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