Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $40,000 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 Nov. 7 Dec. 15 Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 76,000 shares of its common stock at $9 per share. On August 3, Kick Off sold 54,000 of the reacquired shares at $12 per share. On November 14, Kick Off sold the remaining shafes at $7 per share. November 14. If an amount box does not require an entry, leave it blank. Journalize the transactions of May 27, August 3, and May 27 Aug, 3 Nov. 14 000 000
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $40,000 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 Nov. 7 Dec. 15 Entries for Treasury Stock On May 27, Kick Off Inc. reacquired 76,000 shares of its common stock at $9 per share. On August 3, Kick Off sold 54,000 of the reacquired shares at $12 per share. On November 14, Kick Off sold the remaining shafes at $7 per share. November 14. If an amount box does not require an entry, leave it blank. Journalize the transactions of May 27, August 3, and May 27 Aug, 3 Nov. 14 000 000
Chapter1: Financial Statements And Business Decisions
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