Question. Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on December 1, 2018, the board voted to declare a cash dividend of $5 per share to be paid on December 31, 2018, to shareholders of record as of December 16, 2018. Complete the necessary journal entry on the date of declaration by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

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A: Journal entries are prepared to record the financial and non financial transactions of the business.

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A: On june ,all majority of BOD approves dividend, so dividend is payable.

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Q: tion III Debit IIIII Credit IIII

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A: Stockholders’ equity refers to the ownership interest in the business. It is the claim of the owners…

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Q: Following is a recent Microsoft press release: REDMOND, Wash.—March 15, 2014 — Microsoft Corp. today…

A:

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Q: ngo Corporation’s board of directors declared a P950,000 cash dividend on March 1, 2018, payable on…

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