CSecure htt edugen.wieyplus.com/edugeryltymainun WileyPLUS Kimmel, Accounting, b

Question

CSecure htt edugen.wieyplus.com/edugeryltymainun WileyPLUS Kimmel, Accounting, be Grouper Cop. ha:7 700 shares ocommon stack outstandinp. It delaresa 5 per share cah dhidcnd on November 1 to stockholders of rccord on Decambr 1. The dividend is paid on Daember 31. es are autometica y ndented when amount is cntered. Do not ndent manus y Recordjoumal cntries in the order presented in the Prepar?trG ertres on the appropriato dates to record the declaration ?nd payment o the cash dr dend. Credit account t problen If no entry is required, sciect "No Entry for the sccount titles and cnter 0 for the amounts Oale eeant Titles a Explanation Delat Credit Question Attempts: f used AVE rOn LATER er leas Screenshat saved The streenshot was added ta your E O lype here to search

Explanation / Answer

Ans. Date Accounts Titles and Explanations Debit Credit 1-Nov Cash dividends 38500 Dividends payable 38500 (Declaration of dividend) 31-Dec Dividends payable 38500 Cash 38500 (Payment of dividend) *Dividends payable = 7700 * 5 38500

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---