Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends.

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of…

A: Given: Cash issued for share = $ 210,000 Par value = $ 30 Common stock = $ 34 Cost of preferred…

Q: Eidman Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash…

A: A dividend is the distribution of some of a company's earnings to a class of its shareholders, as…

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Date Accounts Debit Credit July 1 Dividends (1,000-200) * $3 2,400       Dividends Payable…

Q: Bridgeport Corp. has 7,400 shares of common stock outstanding. It declares a $5 per share cash…

A: Dividend for shareholders No.of shares * cash dividend per share 7400 shares * $5 $37,000

Q: On October 31, Pidgeon Stones Inc., a marble contractor, issued for cash 70,300 shares of $10 par…

A: The firm can raise the amount through different modes some of them are, by issuing common stock, by…

Q: The Sneed Corporation issues 10,900 shares of $49 par preferred stock for cash at $63 per share. The…

A: Share capital: It refers to the cap[ital raised by the company by issuing common stock or preferred…

Q: Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1…

A:

Q: Divine Apparel has 2,900 shares of common stock outstanding. On October 1, the company declares a…

A: Dividend: Dividend is a part of income paid to shareholders of an organization for the investment…

Q: Oriole Company had the following transactions during the current period. Mar. 2   Issued 4,200…

A: Journal entry is an activity of record keeping of economic or non- economic transactions in thr…

Q: Tamarisk, Inc. had the following transactions during the current period. Mar. 2 Issued 4,900…

A: Journal entries are used to record various transactions which was performed by the business during…

Q: On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par…

A: The stockholder's equity is a major section in the balance sheet which reports the company's…

Q: Greenwood Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash…

A: Cash dividends are cash distributions of accumulated earnings by a corporation to its stockholders.…

Q: A company has the following transactions during the year related to stockholders' equity. February 1…

A: Journal entry: It is defined as the recording of company's day to day transactions of monetary…

Q: On November 12th, Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00…

A: Total Outstanding shares = 12,000 Held as treasury share = 2,000 Cash dividend is given total share…

Q: Metlock, Inc. had the following transactions during the current period. Mar. 2   Issued 4,800…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: On July 31, a company declared a cash dividend of SR0.25 per common share to the shareholders of…

A: Dividend is described as that amount which is paid by the corporation on the shares outstanding. It…

Q: A company has the following transactions during the year related to stockholders' equity. February 1…

A: The corporation has different options for collecting resources for the business. It includes the…

Q: On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per share…

A: Introduction: Journals: Recording of  a business transactions in a chronological order. First step…

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: Introduction: Dividend is the distribution of profits earned by the company, to its stockholders as…

Q: On February 10, Peerless Rocks Inc., a marble contractor, issued for cash 40,000 shares of $10 par…

A: Any excess cash paid for the shares goes to Paid-in Capital in excess of par Account.  Total Paid-in…

Q: Divine Apparel has 3,800 shares of common stock outstanding. On October 1, the company declares a…

A: Total amount of dividend declared = No. of shares x dividend per share =3800*$0.25 = $950

Q: The declaration, record, and payment dates in connection with a cash dividend of $135,000 on a…

A: Record the journal entry for the declaration of cash dividends:January 12- Declaration Date.

Q: Desert Apparel has 6,000 shares of common stock outstanding. On April 1, the company declares a $2…

A: Given, Number of stocks outstanding = 6,000 Dividend declared = $2

Q: On April 15 of this year, the board of directors for Jedi Company declared a cash dividend of 55…

A: Dividend amount = No. of shares outstanding x Dividend per share  = 107,000 shares  x 0.55 = 58,850…

Q: A company has the following transactions during the year related to stockholders’ equity.…

A: The company can raise funds using different kinds of methods. It can be by issuing common stock,…

Q: Divine Apparel has 2,700 shares of common stock outstanding. On October 1, the company declares a…

A: Dividends are the distribution of earnings by a company to its stakeholders. It is always paid based…

Q: Woodland Inc. Declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The…

A: Dividend represents the distribution of profit amongs the shareholders of the company. It becomes…

Q: Aris company declares a cash dividend of $1.00 per share on its 12.000 common shares outstanding.…

A: Given that  Cash dividend = $ 1.00 per share  Common shares outstanding = 12000

Q: Woolford Inc. declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The…

A: Definition:   Cash dividends: The amount of cash provided by a corporation out of its distributable…

Q: Hao Corporation had the following transactions during the current period. Mar. 2   Issued 37,000…

A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Dividend declared would be paid on no. of outstanding shares only.

Q: The declaration, record, and payment dates in connection with a cash dividend of $350,000 on a…

A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: Sheffield Corp. has 84,000 shares of common stock outstanding. It declares a $1 per share cash…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Splish Brothers Inc. had the following transactions during the current period. Mar. 2   Issued…

A: The organization can raise fund for the operation song integrity by issuing common stock, preferred…

Q: Bramble Inc. declared a cash dividend of $1.15 per share on its 4 million outstanding shares. The…

A: Cash dividend: The amount of cash provided by a corporation out of its distributable profits to its…

Q: Crane Corporation has 70,000 shares of common stock outstanding. It declares a $1 per share cash…

A:

Q: During its first year of operations, Buffalo Corporation had the following transactions pertaining…

A: Whenever business issues common stock, then par value of the stock is credited to capital account…

Q: Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share…

A: A journal entry is the recording of financial transactions of business entity in the books of…

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 73,600 shares of…

A: a. Date Description Debit Credit jan. 22 Cash (73,600*55) $4,048,000           Common stock…

Q: Show the effects of each transaction on the accounting equation. Give the indicated journal entries…

A: 1.

Q: A company declared a cash dividend of $.35 per common share to the shareholders of record on July…

A: The dividend is payable on the shares issued and outstanding.

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 73,000 shares of…

A: Common stock and Preferred stock are two type of shares issued by the company. When shares are…

Q: Kingbird, Inc. had the following transactions during the current period. Mar. 2   Issued 4,400…

A: Journal entries means an entry that are recorded in journal of the company for business…

Q: On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 70,300 shares of…

A: The organization can raise funds for the operation song integrity by issuing common stock, preferred…

Q: How many shares of common stock were outstanding at the end of the period? How many shares of…

A: 1. When common stock is issued for cash, cash, and common stock increase. Cash XXXX…

Q: Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Metlock, Inc. had the following transactions during the current period. Mar. 2   Issued 4,200…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…