Kasper Limited has 300,000 ($18 per share) ordinary shares issued. It declares a 20% share dividend on 1st of June 2022 at a market value of $22 per share, and issues the share dividend on 30th of June 2022. On 1st of August, 2022, it declares a cash dividend of $1.50 per share. You are required to record the general journal entries in relation to these dividend transactions with the appropriate date references.

Kasper Limited has 300,000 ($18 per share) ordinary shares issued. It declares a 20% share dividend on 1st of June 2022 at a market value of $22 per share, and issues the share dividend on 30th of June 2022. On 1st of August, 2022, it declares a cash dividend of $1.50 per share. You are required to record the general journal entries in relation to these dividend transactions with the appropriate date references.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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