At 31 December 2019 Trapezium Ltd Has the Following Components

Short Answer

At 31 December 2019 Trapezium Ltd has the following components of Equity:
On 31 December 2019, the directors of the company declared a 10% share dividend to be paid out of the balance in the Retained earnings account on 5 January 2020.
Required:
(a) Prepare journal entries to record these share transactions.
(b) Calculate the balance of the Retained earnings after these share transactions have taken place.