Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $80,000 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 Cent Cash Dividends Payable Nov. 7 No Entry Required No Entry Required Dec 15 Cash Dividends Payable 88 88
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $80,000 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 Cent Cash Dividends Payable Nov. 7 No Entry Required No Entry Required Dec 15 Cash Dividends Payable 88 88
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:9:06 Ⓒ
Module 6 Problem Set
1. EX.12.01 ALGO
2. EX.11.01
3. BE.12.06. ALGO
4. BE.12.03.ALGO
5. BE.12.08.ALGO
6. BE 12.01.ALGO
7. BE.12.07
8. BE.11.07
Progress: 4/8 items
Assignment Score: 48.06%
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D2L
000
Oct. 1
Entries for Cash Dividends
The declaration, record, and payment dates in connection with
a cash dividend of $80,000 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.
Cash Javastranda
Cash Dividends Payable
Nov. 7 No Entry Required
No Entry Required
Dec. 15 Cash Dividends Payable
Cash ✔
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5G 57%
30
88
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Are the dividends being paid on the same date that they
are declared? Who would receive the dividends? What will
the stockholders receive from the corporation?
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