Ask Experts Questions for FREE Help !
Ask
    Enilorac28's Avatar
    Enilorac28 Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 10, 2012, 07:29 PM
    Issue of rights and dividends declared adjusting entries
    What is the adjusting entries for this transactions??

    Share capital at 30 June 2010 consisted of 43 million shares. On 1 July 2011, a rights issue of 5,000,000 shares raised $15,000,000 of additional capital. On 15th July 2012, the directors declared a final dividend of 10 cents per share.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Sep 10, 2012, 07:46 PM
    What would you like me to do about it.


    We answer specific questions we don't provide model answers
    A reading of your text book will undoubtedly provide you with the methodology to complete these simple entries

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Dividends declared adjusting entry ? [ 0 Answers ]

Hi, I have a question regarding stock dividends declared(not paid yet). Question: Prepare the journal entry if the board of directors declared a 15% stock dividend on the common stock Common Stock - $100,000 Is it done this way ?(This is what I think.) Retained Earnings 15000 Dividends...

Journal Entries for declared dividends [ 1 Answers ]

Declared a 2% stock dividend on common stock and a $1.80 cash dividend per share on preferred stock. On the date of declaration, the market value of the common stock was $55 per share. On the date of record, 120,000 shares of common stock had been issued, 9,500 shares of treasury common stock were...

Dividends declared [ 1 Answers ]

If a company has declared $1,125,000 in dividends how do you calculate the distribution? 100,000 shares of common stock outstanding 25,000 shares of prederred stock outstanding dividens on preferred $2.50 per share par value for common is $2.00 par value for preferred is $10.00 per share

Declared Dividends [ 1 Answers ]

If a company declared and paid a special year-end 10 cents per share on the 150,000 shares of stock outstanding. Issue check number 509. How would the journal entry go?

Dividends declared [ 2 Answers ]

I want to calculate the amount of dividends declared and paid during the year by a company. What is the information needed (the formula)? Thanks


View more questions Search