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Prepare the equity and reserves section of the statement

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Reference no: EM132604617

Kelbrook limited provided the following

1. Issued share capital 180000 ordinary shares of $0.50 each

2. On 1 Oct 2014

  • General reserve $4000
  • Retained earnings $5500

3.The profit for year ended 30 Sept 2015 was $9000

$2000 of this transferred to general reserve

An interim dividend of $4500 was paid during the year

No dividends proposed at end of the year

Question 1: Prepare the equity and reserves section of the statement of Financial Position as at 30 Sept 2015

Reference no: EM132604617

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