Marcia ltd declared a dividend in august 2021 of $37500. In February 2022 Stan ltd paid an
Fantastic news! We've Found the answer you've been seeking!
Question:
Marcia ltd declared a dividend in august 2021 of $37500. In February 2022 Stan ltd paid an interim dividend of $22500 and Marcia ltd paid an interim dividend of $11250. At the 30th June 2020 there were intercompany accounts balance of $125000. Marcia ltd rented a warehouse from Stan ltd and paid annual rent of $35000 to Stan ltd. Prepare the consolidated journal entries at 30th June 2022 to eliminate the intragroup items.
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: