On March 15, Summit Hawk declares a quarterly cash dividend of $0.050 per share payable on April 13 to all stockholders of record on March 30. Required: Record Summit Hawk's declaration and payment of cash dividends for its 225 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet 1 2 Record the declaration of cash dividends. Date March 15 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit < Prev Credit View general journal 1 of 2 44 III MacBook Air > Next > Check my

On March 15, Summit Hawk declares a quarterly cash dividend of $0.050 per share payable on April 13 to all stockholders of record on March 30. Required: Record Summit Hawk's declaration and payment of cash dividends for its 225 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet 1 2 Record the declaration of cash dividends. Date March 15 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit < Prev Credit View general journal 1 of 2 44 III MacBook Air > Next > Check my

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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Question

100%

2. Record the entry on the date of record. 3.Record the payment of cash dividends.

On March 15, Summit Hawk declares a quarterly cash dividend of $0.050 per share payable on April 13 to all stockholders of record on
March 30.
Required:
Record Summit Hawk's declaration and payment of cash dividends for its 225 million shares. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e.
$5.5 million should be entered as 5,500,000).)
View transaction list
Journal entry worksheet
1
2
Record the declaration of cash dividends.
Date
March 15
3
Note: Enter debits before credits.
Record entry
General Journal
Clear entry
Debit
< Prev
Credit
View general journal
1 of 2 44
III
MacBook Air
>
Next >
Check my

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