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The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a corporation's common stock are January 12, March 13, and April 12 Journalize the entries required on each date. If no entry is required simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles Journal POST REF DEBIT DATE

The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a corporation's common stock are January 12, March 13, and April 12 Journalize the entries required on each date. If no entry is required simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles Journal POST REF DEBIT DATE

FINANCIAL ACCOUNTING
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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**Instructions** The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a corporation's [common stock](#) are January 12, March 13, and April 12. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. **Journal** | DATE | DESCRIPTION | POST. REF | DEBIT | CREDIT | |------------|--------------|-----------|-------|---------| | 1. | | | | | | 2. | | | | | | 3. | | | | | | 4. | | | | | This table represents a format often used in accounting education for journal entries. The students are expected to fill in the journal entries following the instructions given. They need to input the date of the transaction, a brief description, and the amounts to be debited and credited in the respective columns. For the given task, students should identify and record the necessary journal entries on January 12, March 13, and April 12 for a common stock dividend transaction. If there is no entry required for a specific date, students should move on to the next transaction date. They should refer to the Chart of Accounts for precise account titles to use in their journal entries.
Transcribed Image Text:**Instructions** The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a corporation's [common stock](#) are January 12, March 13, and April 12. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. **Journal** | DATE | DESCRIPTION | POST. REF | DEBIT | CREDIT | |------------|--------------|-----------|-------|---------| | 1. | | | | | | 2. | | | | | | 3. | | | | | | 4. | | | | | This table represents a format often used in accounting education for journal entries. The students are expected to fill in the journal entries following the instructions given. They need to input the date of the transaction, a brief description, and the amounts to be debited and credited in the respective columns. For the given task, students should identify and record the necessary journal entries on January 12, March 13, and April 12 for a common stock dividend transaction. If there is no entry required for a specific date, students should move on to the next transaction date. They should refer to the Chart of Accounts for precise account titles to use in their journal entries.
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