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Prepare journal entries to record the interim

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Question - At 1 July, Garfield Ltd Had 1,500 shares issued. An interim cash dividend of 0.25% per share was declared on 31 December and paid on 31 January. The shareholders agreed to a 3-for-1 share split, which occurred on 31 May. After the share split, a final cash dividend of $0.10 per share was declared on 30 June.

Required - Prepare journal entries to record the interim and final dividends declared and/or paid by Garfield Ltd. No narrations are required.

Reference no: EM132524216

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