Rondo Corporation has 410,000 shares of $12 par value common stock issued and outstanding Record the following entes into the general pumal for Rondo (Record debès first, then credits Exclude explanations from journal entries) Click the icon t view the sactions) July 2 Declared a cash dividend of 50 60 per share Date Ay Journal Entry Accounts PR Dr C
Rondo Corporation has 410,000 shares of $12 par value common stock issued and outstanding Record the following entes into the general pumal for Rondo (Record debès first, then credits Exclude explanations from journal entries) Click the icon t view the sactions) July 2 Declared a cash dividend of 50 60 per share Date Ay Journal Entry Accounts PR Dr C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Yu.11.
![list
K
Rondo Corporation has 410,000 shares of $12 par value common stock issued and outstanding Record the following entres into the general pumal for
Rondo (Record debes first, then credits Exclude explanations from journal entries)
Click the icon to view the transactions)
July 2 Declared a cash dividend of 50 60 per share
Date
My
2
Journal Entry
Accounts
com
PR
Dr.
Ce](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0db0dd6d-da89-4615-8dcc-00f06ccb1842%2Fab9edbbc-0d57-4079-920a-1d8cc6bd55b0%2F6pabcy8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:list
K
Rondo Corporation has 410,000 shares of $12 par value common stock issued and outstanding Record the following entres into the general pumal for
Rondo (Record debes first, then credits Exclude explanations from journal entries)
Click the icon to view the transactions)
July 2 Declared a cash dividend of 50 60 per share
Date
My
2
Journal Entry
Accounts
com
PR
Dr.
Ce
![More info
201X
July 2 Declared a cash dividend of $0.60 per share.
1 Paid the $0.60 cash dividend to the stockholders.
Aug.
4
Sept. 12
Oct. 1
Nov.
Declared a 7% stock dividend. The current market price is $13 per share.
Issued the stock dividend declared on August 4.
Declared a 6% stock dividend. The current market price is $22 per share
2 Issued the stock dividend on October 1.
-
X
ving e](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0db0dd6d-da89-4615-8dcc-00f06ccb1842%2Fab9edbbc-0d57-4079-920a-1d8cc6bd55b0%2Fa1m4028_processed.jpeg&w=3840&q=75)
Transcribed Image Text:More info
201X
July 2 Declared a cash dividend of $0.60 per share.
1 Paid the $0.60 cash dividend to the stockholders.
Aug.
4
Sept. 12
Oct. 1
Nov.
Declared a 7% stock dividend. The current market price is $13 per share.
Issued the stock dividend declared on August 4.
Declared a 6% stock dividend. The current market price is $22 per share
2 Issued the stock dividend on October 1.
-
X
ving e
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