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The shareholder’s equity for Julie’s Occupational Therapy Limited on 30 June is as shown. On 31...

The shareholder’s equity for Julie’s Occupational Therapy Limited on 30 June is as shown. On 31 October, the market price of Julie’s Occupational Therapy ordinary shares was $5.54 per share and the company distributed a dividend of $3,878 to be satisfied by the issue of further shares valued at $5.54 each. Shareholder’s equity Share Capital: 530 Ordinary shares $ 2,650 Retained earnings $121,000 Total shareholder’s equity $123,650 Journalise the distribution of the share dividend. Prepare the shareholder’s equity section of the balance sheet after the share dividend .

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