Equity of Townsville Ltd at 14 February 2025 consisted of the following. The following events occurred during

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Equity of Townsville Ltd at 14 February 2025 consisted of the following. image text in transcribed

The following events occurred during 2025. image text in transcribed

Required

(a) Prepare journal entries in general journal format to give effect to the above transactions.

(b) Show the Retained Earnings account up to 17 August 2025.

(c) Show the statement of changes in equity from 14 February 2025 to 17 August 2025.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 25, 2024 06:00 AM

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Equity of Townsville Ltd at 14 February 2025 consisted of the following. The following events occurred during

Question:

Share capital: 800 000 shares (fully paid for $1) 600 000 shares (paid to 50c, issued at $1) General reserve Plant replacement reserve Retained earnings $ 800 000 300 000 $1100000 100000 50000 125000

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Accounting

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