McGraw Hill Connect M X × ting Ch 13 +16 F: takeAssignment/takeAssignmentMain.do

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McGraw Hill Connect M X × ting Ch 13 +16 F: takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator; Login Print Item (p eBook Show Me HowCalculator Entries for cash dividends Instructions Chart of Accounts Journal Instructions The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a corporation's common.stock are January 12, March 13, and April 12 Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles Check May Work 3 more Check My Work uses remaining All work saved. 0

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Jan 12 Cash dividend 108000       Cash Dividend payable 108000 Mar 13 No entry Apr 12 Cash Dividend payable 108000      Cash 108000

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