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    Enilorac28's Avatar
    Enilorac28 Posts: 1, Reputation: 1
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    #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
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    #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
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