Greentea Corporation earned net income of $125,000 during the year ended December 31, 2021. On December 15, Greentea declared the annual cash dividend on its 10% preferred stock (15,000 shares with total par value of $150,000) and a $0.75 per share cash dividend on its common stock (30.000 shares with total par value of $300,000). Greentea then paid the dividends on January 4, 2022. Read the requirements. a. Journalize for Greentea Corporation the declaration for the cash dividends on December 15, 2021. (Record debits first, then credits. Exclude explanations from any journal entries. Use only a single account to record the dividends.) Dec Date 2021 15 Journal Entry Accounts Debit Credit Requirements Journalize the following for Greentea: a. Declaring the cash dividends on December 15, 2021 b. Paying the cash dividends on January 4, 2022 Did retained earnings increase or decrease during 2021? By how much? Print Done - X

Greentea Corporation earned net income of $125,000 during the year ended December 31, 2021. On December 15, Greentea declared the annual cash dividend on its 10% preferred stock (15,000 shares with total par value of $150,000) and a $0.75 per share cash dividend on its common stock (30.000 shares with total par value of $300,000). Greentea then paid the dividends on January 4, 2022. Read the requirements. a. Journalize for Greentea Corporation the declaration for the cash dividends on December 15, 2021. (Record debits first, then credits. Exclude explanations from any journal entries. Use only a single account to record the dividends.) Dec Date 2021 15 Journal Entry Accounts Debit Credit Requirements Journalize the following for Greentea: a. Declaring the cash dividends on December 15, 2021 b. Paying the cash dividends on January 4, 2022 Did retained earnings increase or decrease during 2021? By how much? Print Done - X

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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u Online Cour X (78) Whats x M Your AccoL X M Inbox (2,74 X SP2021-AC X Answered: Ek My Home * CengageN X Bartleby Q x + D X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FMovies | Watch M. BIO201 Connect 10. M Gmail > YouTube Fourth Homework O eBook Patents 6. MC.12.06 Instructions Chart Of Accounts General Journal 7. MC.12.07 Instructions 8. MCС.12.08 Mystic Pizza Company purchased a patent from Prime Pizza Plus on January 1, 2019, $72,000. The patent has a remaining legal life of 9 years. 9. МC.12.09 Required: 10. MC.12.10 Prepare the journal entries to record the acquisition and the amortization for 2019, assuming Mystic Pizza amortizes its patents using the 11. RE.12.01.BLANKSHEET straight-line method over the life of the asset. 12. RE.12.02 13. RE.12.03.BLANKSHEET 14. RE.12.04.BLANKSHEET 15. RE.12.05.BLANKSHEET 16. RE.12.06.BLANKSHEET 17. RE.12.07.BLANKSHEET 18. RE.12.08 O V I 12:52
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5 X100 ry https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-5829202317504197666520360810&eISBN=97... A S CENGAGE | MINDTAP I Chapter 4 Assignment Maria is a divorce attorney who practices law in San Francisco. She wants to join the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $500 per year and must be paid at the beginning of each year. For instance, membership dues for the first year are paid today, and dues for the second year are payable one year from today. However, the ADLA also has an option for members to buy a lifetime membership today for $4,500 and never have to pay annual membership dues. Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it it's a great deal. Suppose that the appropriate annual interest rate is 8.5%. O 13 years O 15 years What is the minimum number of years that…
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