Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $40,600 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. July 9               Aug. 31               Oct. 1 Cash Dividends Payable  40,600     Cash    40600

Q: Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash…

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.