The following data were taken from the statement of financial position accounts of Murless Corporation on December 31, 2015.

Instructions Prepare the required journal entries for the following unrelated items.

(a) A 5% share dividend is declared and distributed at a time when the market price of the shares is R\($39\) per share.

(b) The par value of the ordinary shares is reduced to R\($2\) with a 5-for-1 share split.

(c) A dividend is declared January 5, 2016, and paid January 25, 2016, in bonds held as an investment.
The bonds have a book value of R\($90\),000 and a fair value of R\($125\),000.

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Current Assets R$540,000 Investments 624,000 Share Capital-Ordinary (par value R$10) 600,000 Share Premium-Ordinary 150,000 Retained Earnings 840,000