The declaration, record, and payment dates in connection with a cash dividend of $49,500 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 Cash Dividends fill in the blank 2 fill in the blank 3 Cash Dividends Payable fill in the blank 5 fill in the blank 6 Aug. 31 No Entry Required fill in the blank 8 fill in the blank 9 No Entry Required fill in the blank 11 fill in the blank 12 Oct. 1 Cash Dividends Payable fill in the blank 14 fill in the blank 15 Cash fill in the blank 17 fill in the blank 18
The declaration, record, and payment dates in connection with a cash dividend of $49,500 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 Cash Dividends fill in the blank 2 fill in the blank 3 Cash Dividends Payable fill in the blank 5 fill in the blank 6 Aug. 31 No Entry Required fill in the blank 8 fill in the blank 9 No Entry Required fill in the blank 11 fill in the blank 12 Oct. 1 Cash Dividends Payable fill in the blank 14 fill in the blank 15 Cash fill in the blank 17 fill in the blank 18
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 4PA: Entries for selected corporate transactions Morrow Enterprises Inc. manufactures bathroom fixtures....
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The declaration, record, and payment dates in connection with a cash dividend of $49,500 on a corporation's common stock are July 9, August 31, and October 1.
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 | Cash Dividends | fill in the blank 2 | fill in the blank 3 |
Cash Dividends Payable | fill in the blank 5 | fill in the blank 6 | |
Aug. 31 | No Entry Required | fill in the blank 8 | fill in the blank 9 |
No Entry Required | fill in the blank 11 | fill in the blank 12 | |
Oct. 1 | Cash Dividends Payable | fill in the blank 14 | fill in the blank 15 |
Cash | fill in the blank 17 | fill in the blank 18 |
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