July 15 Declared a cash dividend payable to common stockholders of $165,000.Aug. 15 Date of record is August 15 for the cash dividend declared on July 15.Aug. 31 Paid the dividend declared on July 15.View transaction listJournal entry worksheet12<>Record the declaration of a cash dividend payable to common stockholders.Note: Enter debits before credits.DateGeneral JournalDebitCreditJul 15< Prev7 of 19Next >8:40 PM3/27/202InsertPrt ScF7F8F9F10F11F12FnF4F5F6+Lock

Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The declaration, record, and payment dates in connection with a cash dividend of $61,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct. 1 Cash Dividends Cash Dividends Payable Nov. 7 No Entry Required No Entry Required Dec. 15 Cash Dividends Payable Cash
Ees At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings The company's net Income for the current year ended December 31 was $66,000. 1. Complete the T-accounts to calculate the cash received from the sale of Its common stock during the current year. Beginning balance Issuance of common stock Ending balance Common Stock, $10 Par Beginning balance issuance of common stock Paid-in Capital in Excess of Par Ending balance Cash received 0 Current Year $ 146,000 603,000 349,500 0 Prior Year $ 136,000 360,000 323,500
Using the following information for the year ended 30 June, prepare the Retained Earnings Account for Kramer Ltd. Retained earnings as at 1 July $450,000 Transfer from Dividend Equalisation Reserve $200,000 Operating Profit (before income tax expenses $270,000) $900,000 Create a provision for dividend of 15 cents per share. There are 7,500,000 shares issue
Entries for Cash Dividends The declaration record and navment dates in connection with a c y Required" and leave the ar If no ent Cash Jan. 12✔ Cash Dividends Mar. 13 Apr. 12 Cash Dividends Payable Common Stock No Entry Required 000
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $96,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct. 1 - Select - - Select - - Select - - Select - Nov. 7 - Select - - Select - - Select - - Select - Dec. 15 - Select - - Select - - Select - - Select -
Question Content Area Entries for cash dividends The declaration, record, and payment dates in connection with a cash dividend of $30,800 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Question 8 - Equity Huntless Ltd has the following items in its accounting records for the current year: 1. 50,000 $3 issued and paid up ordinary shares 2. Dividends declared and paid during the year $35,000 3. Transfer from Retained earnings to General reserve $12,000 4. Net profit for the year $35,000 5. Opening Retained earnings $50,000 Required: Prepare journal entries to record items 1,2 and 3. Date / Accounts Debit Credit Show the note to the financial statements providing details of the movements in the Retained Earnings account during the year.
Home work question accounting intermediate 11 stock and bonds journal entry on jan 1 2020 Thompson had 2 equity investment # of shares owned 200 cost per share $17 mkt value per share 12/31/2019 $23 what is journal entry
can you please help me with sep 30 entry
I need the right numbers for the square in red thank you
Feb 25 Declared a 2.50 per share cash dividend on 20,000 shares of common stock outstanding Mar. 20 Paid the cash dividends declared on Feb. 25, Dec. 31 Closed the 72,000 credit balance in Income Summary that reflects net income to Retained Earnings (a) Prepare the journal entries for these transactions. (b) If Retained Earnings had a 155,000 credit balance on January 1, calculate its year-end balance as of December 31
please help me to solve this problem

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15 Declared a cash dividend payable to common stockholders of $165, 15 Date of record is August 15 for the cash dividend declared on Ju. 31 Paid the dividend declared on July 15. iew transaction list