Med-care incorporated is a health insurance company. The following account balances appear on statement of financial position of Doc med-care Incorporated. Ordinary Shares P10 par, P400,000; Share Premium Ordinary, P42,500; Retained Earnings P299, 500. The board of Directors declared a 3 pesos dividend per share. Required: Journalize the entries to record The declaration of the Dividend The issuance of the dividend

Med-care incorporated is a health insurance company. The following account balances appear on statement of financial position of Doc med-care Incorporated. Ordinary Shares P10 par, P400,000; Share Premium Ordinary, P42,500; Retained Earnings P299, 500. The board of Directors declared a 3 pesos dividend per share. Required: Journalize the entries to record The declaration of the Dividend The issuance of the dividend

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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