Profit distribution-withdrawal of any surplus reserve 16750
Loan: surplus reserve-statutory surplus reserve of 33,500.
Surplus reserve-any surplus reserve 16750
(2) Loan: profit distribution-cash dividend 10000.
Loan: dividend payable-cash dividend payable 10000.
(3) Debit: dividend payable-cash dividend payable 10000.
Loan: bank deposit 10000.