As at 1 December 2019, the statement of financial position for a company showed the following: ordinary shares of $5$ each $2500000$ share premium $850000$ retained earnings $710000$ During 2019: 15 December: an ordinary share interim dividend of $0.15$ per share was paid 23 December: a bonus issue of $25000$ ordinary shares was made The reserves were maintained in their most flexible form. What were the balances on the revenue reserves and capital reserves accounts after these transactions?
Accounting 9706 · AS & A Level · Preparation of financial statements