Question: Zeus Ltd declared a final dividend to its shareholders at the annual general meeting on 31.12.2017 of $1,200,000. the amount was finally paid on 31.3.2018.

Zeus Ltd declared a final dividend to its shareholders at the annual general meeting on 31.12.2017 of $1,200,000. the amount was finally paid on 31.3.2018. prepare the journal entries for the declaration and distribution of dividends in 2017 and 2018.

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