Question

Journalize these transactions: Innotech decides to integrate this year s dividend by $50,000, awarding its shareholders...

Journalize these transactions:
Innotech decides to integrate this year s dividend by $50,000, awarding its shareholders 200 units of its newest products, carried in the inventory at $115each. The current selling price of products is $250 per unit

Homework Answers

Answer #1

Since dividend declared in the form of inventory and the distributable price is sale price. We can treat them as sales.

And we can credit to sales a.c. on payment

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