Hi, I need help making a journal entry. Sept. 1 ,2019: Joe issued himself 5,000 shares of Tucker Boats, Inc common stock (no par) at a price of $20 per share. Joe transferred $100,000 cash from his personal bank account and deposited it in a checking account in the name of Tucker Boars Inc. Sept. 28,2019: Joe and his wife, who are vice-president of Tucker Boats, constitute the board of directors. They met and declared a $.30 per share cash dividend, to be paid on March 15, 2014. Would there be a journal entry for Sept. 28, 2019? If so, what would it look like?
Hi, I need help making a journal entry. Sept. 1 ,2019: Joe issued himself 5,000 shares of Tucker Boats, Inc common stock (no par) at a price of $20 per share. Joe transferred $100,000 cash from his personal bank account and deposited it in a checking account in the name of Tucker Boars Inc. Sept. 28,2019: Joe and his wife, who are vice-president of Tucker Boats, constitute the board of directors. They met and declared a $.30 per share cash dividend, to be paid on March 15, 2014. Would there be a journal entry for Sept. 28, 2019? If so, what would it look like?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hi, I need help making a
Sept. 1 ,2019: Joe issued himself 5,000 shares of Tucker Boats, Inc common stock (no par) at a price of $20 per share. Joe transferred $100,000 cash from his personal bank account and deposited it in a checking account in the name of Tucker Boars Inc.
Sept. 28,2019: Joe and his wife, who are vice-president of Tucker Boats, constitute the board of directors. They met and declared a $.30 per share cash dividend, to be paid on March 15, 2014.
Would there be a journal entry for Sept. 28, 2019? If so, what would it look like?
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