Question: P83 10 .7 Pansies Pty Ltd is a small proprietary company. Its owners invested $3 capital in the company and it has grown considerably since.

P83 10 .7 Pansies Pty Ltd is a small proprietary company. Its owners invested $3 capital in the company and it has grown considerably since. The following section is taken from Pansies Pty Ltd's statement of nancial position at 30 June 2016. Share capital (two shares) $ 3 Reserves 5 000 Retained earnings 10 000 Additional information: . 1.Pansies Pty Ltd's prot for the year ended 30 June 2016 was $8000. . 2.Cash dividends declared for the year ended 30 June 2016 were $5000. . 3.The directors of the company approved a transfer of $5000 to reserves. This was recorded in the ledger and is the only item affecting general reserves during the year. Required (a) Joumalise the dividends declared. (b) Calculate the dividend payout. (c) Calculate the return on ordinary shareholders' equity. ((1) Prepare a statement of changes in equity for the year ended 30 June 2016

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