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Prepare the journal entries to record the dividend

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Reference no: EM132497292

During the financial year ended 31 December 2018, the following events occurred in Cempaka Berhad:

2018

  • 28 Mar Annual general meeting approves the final dividend for 2018 of RM70,000.
  • 1 Apr Cempaka Berhad pays the final dividend to shareholders. 30 Jul Cempaka Berhad pays an interim dividend of RM80,000. 31 Dec Cempaka Berhad declares a final dividend of RM75,000. The dividend requires shareholders' approval at the next AGM.

Required:

Question 1: Prepare the journal entries to record the dividend transactions of Cempaka Berhad

Reference no: EM132497292

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