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  3. tigers ltd has presented the following information

Tigers Ltd has presented the following information regarding its equity at 1 Juy 2012: ho...

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Accounting

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Tigers Ltd has presented the following information regarding its equity at 1 Juy 2012: ho UI 5,000,000 575,000 2,830,000 $405,00 Issued Share Capital (5,000,000 shares) Reserves Retained Earnings On 15m July 2012, Tiger purchased a block of land, the consideration being 200,000 shares. The fair value of the land was $480,000. . On 4 January 2013, Tiger declared an interim dividend of 10 cents per share. The dividend was paid on 1 February. n 10 February 2013, Tiger issued a further 500,000 ordinary shares for cash at an issue price of $2.50 each. On 30tmh June 2013, the company reported a profit before tax of $2,342,000. Tax expense was estimated at $371,000. Directors transferred $300,000 to reserves, and declared a final dividend of $0.12 per share The final dividend and tax was paid on 22nd July 2013 Required (iPrepare general journal entries for the transactions and events above (ii)PrepareStatement of Changes in Equity foryear ended 30 June 2013

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