How to journalize a cash dividend with multiple dates The declaration, record, and payment dates in connection with a cash dividend of $1,250,000 on a corporation’s common stock are July 9, August 31, and October 1

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

A:

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

A: Dividends: This is the amount of cash distributed to stockholders by a company out of its earnings,…

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

A: Date Account Titles Post Ref. Debit ($) Credit ($) Oct 1 Retained earnings   70,000     Dividend…

Q: Which of the following transactions does not affect the Total Contributed Capital of the company?…

A: The total contributed capital of a company includes the total amount paid by the investors for their…

Q: These dividends are payable in promissory notes and will be paid at some future date.   Choices;…

A: As per the guidelines, only one question is allowed to be soved so I am answering the first one.…

Q: The following information was taken from the accounts of JT Corp at year end: Total income since…

A: Current balance of retained earnings = Total income since incorporation  - Total cash dividends paid…

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

A: Debit what comes in, Credit what goes out. Debit the receiver, Credit the giver. Debit all expenses…

Q: Newly formed S&J Iron Corporation has 121,000 shares of $6 par common stock authorized. On March 1,…

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Q: Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has…

A: Dividend is payable on no. of outstanding shares

Q: The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

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

A: The cash dividend seems to be a payment made to investors from the company's current income or…

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

A: Dividend are recorded in the books on the date of declaration.  The record date is the date which…

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

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: The declaration, record, and payment dates in connection with a cash dividend of $44,400 on a…

A: On the declaration date, the amount of dividends is declared and therefore it is recorded in the…

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

A: The dividend is considered as a part of the distributable profit distributed by the company to its…

Q: The declaration, record, and payment dates in connection with a cash dividend of $195,000 on a…

A: In case of declaration of dividend  No entry is required

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

A: Dividends payable are recorded when declared. The record date is to make a list of shareholders to…

Q: The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume…

A: Note: Dividend is paid on the number of shares issued and outstanding. Number of shares issued and…

Q: The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume…

A: Dividends are paid on the Shares outstanding, not on shares issued. Shares outstanding = 37,231 -…

Q: The following information has been taken from the ledger accounts of Flint Corporation. Total…

A: Calculation of balance of retained earnings:

Q: The dates of importance in connection with a cash dividend of $131,000 on a corporation's common…

A: Cash dividend is giving the  money  to stockholders generally as part of the companies current…

Q: declaration, record, and payment dates in connection with a cash dividend of $99,000 on a…

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: 1.A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000…

A: Journal entries forms basic accounting steps to record the transactions of an organisation in books…

Q: The declaration, record, and payment dates in connection with a cash dividend of $49,500 on a…

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

Q: The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that…

A: Dividend is paid on the shares outstanding. Shares outstanding = 41,432 - 3,112 = 38,320 shares

Q: The following information has been taken from the ledger accounts of Flounder Corporation. Total…

A: Retained Earnings of the company means accumulated earnings of the company which belongs to equity…

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

A: Entry for cash dividends is recorded on the date of declaration and payment.   Date of record means,…

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

A:

Q: Newly formed S&J Iron Corporation has 188,000 shares of $3 par common stock authorized. On March 1,…

A: Any amount paid in excess of the par value of the common stock goes to Paid-in capital in excess of…

Q: The declaration, record, and payment dates in connection with a cash dividend of $49,200 on a…

A: Date of Declaration is the one on which the dividends and dividend amount is declared. So the entry…

Q: The dates of importance in connection with a cash dividend of $70,000 on a corporation's common…

A: On the date of declaration, dividends are declared and not paid, hence a liability account called…

Q: (Computation of Retained Earnings) The following information has been taken from the ledger accounts…

A: Retained earnings: Retained earnings are the portion of earnings kept by the business for the…

Q: The declaration, record, and payment dates in connection with a cash dividend of $61,000 on a…

A: Dividend is the return to the shareholder’s by the company out from the earnings available to common…

Q: A company declares a cash dividend of $50,000 on November 5th and records the stockholders on…

A: Solution: journal entries related to these dividend transactions are as under:

Q: he charter of a corporation provides for the issuance of 99,542 shares of common stock. Assume that…

A: Given that: Total authorised shares = 99,542 shares Original issued shares = 39624 shares Reacquired…

Q: If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the…

A: A stock dividend is a dividend payment made to shareholders in the form of stock instead of cash.…

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

A: Journal: Recording of  business transactions in a chronological order.

Q: The following information was taken from the accounts of JT Corp at year end: Total income since…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The dates of importance in connection with a cash dividend of $143,000 on a corporation's common…

A:

Q: The charter of a corporation provides for the issuance of 114,964 shares of common stock. Assume…

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

Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…

A: Formula: Amount of cash dividends to be paid  = No. of shares issued and outstanding x Dividend per…

Q: The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume…

A: Cash dividend will be paid  for shares issued Less shares reacquired

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

A: The date of declaration is the date when the management declares the cash dividend. It creates a…

Q: The declaration, record, and payment dates in connection with a cash dividend of $70,100 on a…

A: Their will be no journal entry on record date for declaration of dividend.  Because on that date…