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Use the following account codes,determine which accounts to be Dr./Cr.if you have to

By December 6, 2021No Comments

Use the following account codes,determine which accounts to be Dr./Cr.if you have tojournalize transactions a.to e.:01 Cash02 Dividend03 Share capital ordinary shares04 Share capital preference shares05 Share premium ordinary shares06 Dividend payable07 Treasury sharesTransactionDr.Cr.a.Issued ordinary shares for an amountabove par valueb.Declared cash dividends on ordinaryshares to be paid out next month.C.Paid cash dividends of b.above onordinary shares.d.Purchased treasury shares

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