Ch11 Post-Lecture Assignment Watch Suits: Season 1 Online I Watch Full Suits: Se
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Question
Ch11 Post-Lecture Assignment Watch Suits: Season 1 Online I Watch Full Suits: Season1 ? Online For Free Watch Suits: Season 1 Online I Watch Full Suits: Season 1 Online For Free Spring 2019 Home Announcements WileyPLUS ielams5y stinacing ACSountne Assignments Discussions Grades People CALCULATOR PRINTER VERSION BACK ASSIGNMENT RESOURCES Exercise 11-6 CH11 PostLecture On January 1, Novak Corp. had 62,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred Dashboard Exercise 11-S Apr. 1 Issued 13,950 additional shares of common stock for $12 per share. June 15 Declared a cash dividend of $1.60 per share to stockholders of record on June 30. July 10 Paid the $1.60 cash dividend. Dec. 1 Issued 6,200 additional shares of common stock for $11 per share. Dec. 15 Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31 es Review Score Files Syllabus Quizzes Modules Review Results by Study (a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 1,225.) Date Account Tities and Explanation Debit Credit ConferenceS Help Collaborations Chat My Media Media Gallery Mahara Through Question Attempts: 0 of 5 used AE FOR LATER SUBMIT ANSWER My Career Purchase Course Materials Activity Logs PiazzaExplanation / Answer
Journal entry :
Date accounts & explanation debit credit June 15 Cash dividend (75950*1.6) 121520 Cash dividend payable 121520 (To record dividend declared) July 10 Cash dividend payable 121520 Cash 121520 (To record dividend paid) Dec 15 Cash dividend (82150*1.7) 139655 Cash dividend payable 139655 (To record dividend declared)