The equity of Lochinvar Ltd at 30 June 2025 was as follows. Required (a) Prepare general journal

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The equity of Lochinvar Ltd at 30 June 2025 was as follows. image text in transcribed

Required

(a) Prepare general journal entries to record all transactions for the year.

(b) Prepare a statement of changes in equity for Lochinvar Ltd for the year ended 30 June 2026.

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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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The equity of Lochinvar Ltd at 30 June 2025 was as follows. Required (a) Prepare general journal

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Share capital 100 000 10% cumulative preference shares fully paid 200 000 ordinary shares - fully paid - Revaluation surplus Contingencies reserve Retained earnings Total equity $ 100 000 400 000 500 000 120 000 40 000 (80 000) $ 580 000

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Accounting

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