Top Cat Pte LimitedOn 1 April 20×0, the first day of the new financial year, Top

Top Cat Pte LimitedOn 1 April 20×0, the first day of the new financial year, Top Cat Pte Limited’s share capital comprised 75,000 ordinary shares (issued and outstanding) with a paid-up capital of $750,000. Retained earnings was $150,000. During the year, the following transactions with owners occurred.Prepare the journal entries to record the following transactions. Where no journal entry is required, state why.-1 April 20×0 Issued 5,000 additional ordinary shares for $11 each.-1 June 20×0 Share registry dividend record date.-15 June 20×0 Declared a cash dividend of $1.50 per share to ordinary shareholders.-10 July 20×0 Paid the $1.50 cash dividend.-1 December 20×0 Issued 3,000 additional ordinary shares for $13 per share.-15 March 20×1 Share registry record date.-31 March 20×1 Profit before tax for the period was $340,000 and the company income tax rate is 17%.-31 March 20×1 Declared a cash dividend to ordinary shareholders of $1.80 per share.-As at 31 March 20×1, how many shares were issued and outstanding?
Requirements: NA   |   .doc file