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Make the journal entries to record the transactions

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Reference no: EM132522144

Question - During the period ending 30 June 2019, (1/07/2018 to 30/06/2019) the following events occurred in relation to Snowy Limited:

(a) September 25. Annual general meeting approved the final dividend of $10 000.

(b) September 30. Snowy Ltd paid the final dividend to shareholders.

(c) January 10. Snowy Ltd paid an interim dividend of $8 000.

(d) January 10. $10 000 transferred from retained earnings to general reserve.

(e) February 18. $4000 transferred from asset revaluation surplus to retained earnings.

Required - Make the journal entries to record the above transactions.

Reference no: EM132522144

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