SS CE - Compmisa Suggested Solutions to Class Examises...

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Unformatted text preview: Compmisa Suggested Solutions to Class Examises QUESTION‘KI Dr Cr 1 Dec Retained Earnims —_ - 2010 Dividends Pa able —— I i Declaration of dividend 100,000 at $0.50 _- i D: Cr 20 Jan Dividends Pa bl: —- I 2011 Cash atBank _ so 000 Pa .. cut ofcash dividend -— \l Companies __..,- __ __.r - Suggested Solutions to Class Exncises Retained Earnin :1: Share Dividends Pa ble Declaration of 10% share dividend 20 Jan 2011 — To record the issue of5,000 $15 shares as a -- share dividend Share Dividends Pa able Share = -i1a1 ...
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