Hi my question is in regards to question 2 part 1 with the adjusting journal entries.
With number 9, is the dividend calculated on the share capital so it would be
DR Retained Earnings 12500 CR Dividend payable 12500?
Also with number 10 there would be no journal entry would there? Or would you do an adjusting journal entry saying Dr 0 Cr 0 to cancel the account out?