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What are the journal entries for these

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Reference no: EM132550967

Question -

1. The company paid $490,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020.

2. The company issued 170,000 bonus shares at a price of $4 per share from General Reserve account on 30 June.

3. The company earned $1,570,000 profit during the financial year ended 30 June.

4. The company declared $640,000 final dividends on 23 August 2020.

Required - What are the journal entries for these?

Reference no: EM132550967

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