What are the journal entries for these

Assignment Help Accounting Basics
Reference no: EM132550967

Question -

1. The company paid $490,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020.

2. The company issued 170,000 bonus shares at a price of $4 per share from General Reserve account on 30 June.

3. The company earned $1,570,000 profit during the financial year ended 30 June.

4. The company declared $640,000 final dividends on 23 August 2020.

Required - What are the journal entries for these?

Reference no: EM132550967

Questions Cloud

Make the adjusting entries for straight line : How do Make the adjusting entries for 2009 and 2010 for straight line, units of production, double declining and sum of the years
Is ebay auction legally-binding contract : Is an eBay auction a legally-binding contract? consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable.
Pseudocode and a flowchart to design a mobile app : Create both pseudocode and a flowchart to design a mobile app. The app will write the device's latitude and longitude to a file each time
Find and calculate the economic order quantity : Find and Calculate the economic order quantity. Mellissa Jakes operates a bakery. One of the major raw materials that she uses is organic wheat
What are the journal entries for these : The company paid $490,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020. What are the journal entries for these
Determine the type of compensation firms choose : What factors do you think determine the type of compensation firms choose?
Discuss economic growth prospects and implications : Discuss economic growth prospects and implications for human welfare (in this country) following the crisis.
About business and game changing ideas : Discuss about business and game changing ideas that people can work together on to solve a real world case facing the insurance industry
Explain the basis of accounting for inventories : Explain the basis of accounting for inventories and apply the inventory cost flow methods- FIFO, LIFO, and average-cost-under a periodic inventory system

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd