Teeh
Jan 7, 2010, 05:42 AM
A. Smith Ltd. Was registerd on 1 February with the Capital of R80 000, divided into 10 000 5% preference shares of R2 each, and R30 000 ordinary share of R2 each, all payable in full on application. The preference shares were applied for and duly alloted.
The dividend on the preference shares was paid on 30 July and 31 December.
The directors declared a dividend of 15 cents per share on the ordinary shares in December, payable in the following January. Show the entries in the journal, cah book and the ledger for the issue of shares and the dividends declared
The dividend on the preference shares was paid on 30 July and 31 December.
The directors declared a dividend of 15 cents per share on the ordinary shares in December, payable in the following January. Show the entries in the journal, cah book and the ledger for the issue of shares and the dividends declared