The year ended $30$ June $2023$:

$1.$ Contributed equity on $1$ July $2022$ consisted of $1$ million ordinary shares fully paid to $$2$each$.$ Other equity account balances on $1$ July $2022$ were: Revaluation Reserve $$500,000$CR$.$ General Reserve $$250,000$ CR and Retained Profits $$100,000$ CR

$2.$ An interim dividend of $5$ cents per share was paid on $15$ December $2022$

$3.$ On $1$ March $2023$ the directors made a $1-$for$-10$ bonus issue from the Revaluation$$Reserve$.$ At the time of the issue the directors determined that the fair value of each share to be the $$3$ price they were trading at on the local stock exchange

$4.$ On $15$ June $2023$ the directors declared a final dividend of $7\mathrm{.}5$ cents per share to be paid the next month

$5.$ On $30$ June $2023$ the directors declared an after tax loss of $$125,000$ for the year

$6.$ The directors transferred $$200,000$ from the General Reserve to Retained profits

Required:

List all the accounts under the equity accounts of the Balance Sheet on $30$ June $2023,$ and state the account balances as at $30$ June $2023.($show all your process$)$

Answer rating: 100% (QA)

Answer Contributed Equity Ordinary shares 1 million shares at 2 each 2000000 1000000 shares 2share O... View the full answer