Make following Journal Entries:
Scenario 01 a. As on 30th September 2019, Board of Directors announced / declared Cash dividend of Rs. 1,000,000 (Common Stock 500,000 shares issued, FV Rs. 10 each)
b. Date of recording was 15th October, 2019.
c. Dividend was paid on 25th October, 2019
Make following Journal Entries:
Scenario 02 a. As on 30th September 2019, Board of Directors announced / declared Stock dividend of Rs. 100,000 (issued 10,000 Common Stock @ Rs. 10 Each)
b. Retained earnings were Rs. 250,000.
c. Date of recording was 15th October, 2019.
d. Stock Dividend was paid on 25th October, 2019
e. Make SHE statement, both pre & post Stock Dividend issuance
