Question

The declaration, record, and payment dates in connection with a cash dividend of $33,000 on a...

The declaration, record, and payment dates in connection with a cash dividend of $33,000 on a corporation's common stock are February 1, March 18, and May 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Mar. 18 May. 1

Homework Answers

Answer #1

1 When any company declare cash dividend then dividend payable entry should be recorded on the date of declaration out of retained earning.

2.no entry should be passes on date or record.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $39,000 on a corporation's common stock are February 1, March 18, and May 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Mar. 18 May. 1
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $93,000 on a corporation's common stock are February 1, March 18, and May 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Mar. 18 May. 1
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $57,000 on a corporation's common stock are February 1, March 18, and May 1 Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Cash Mar. 18 May. 1 Feedback
The declaration, record, and payment dates in connection with a cash dividend of $29,200 on a...
The declaration, record, and payment dates in connection with a cash dividend of $29,200 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. July 9 Aug. 31 Oct. 1
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $76,900 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No entry required" and leave the amount boxes blank. July 9 Aug. 31 Oct. 1
The declaration, record, and payment dates in connection with a cash dividend of $57,000 on a...
The declaration, record, and payment dates in connection with a cash dividend of $57,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct. 1Cash Dividends Cash Dividends Payable Nov. 7No Entry Required No Entry Required Dec. 15Cash Dividends Payable Cash
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $46,300 on a corporation's common stock are January 12, March 13, and April 12. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Jan. 12 Cash Dividends Cash Dividends Payable Mar. 13 No Entry Required No Entry Required    Apr. 12 Cash Dividends Payable Cash 1. Effect of Stock Split Copper Grill Restaurant Corporation wholesales ovens and...
The important dates in connection with a stock dividend of 10% on 50,000 share's of $1...
The important dates in connection with a stock dividend of 10% on 50,000 share's of $1 par common stock are the date of declaration February 14, date of record February 30, and date of payment March 2. The market price of the shares is $10. Required: Journalize the entries required on each date.
Cash Dividends The date of declaration, date of record, and date of payment in connection with...
Cash Dividends The date of declaration, date of record, and date of payment in connection with a cash dividend of $1,200,000 on a corporation’s common stock are June 1, July 15, and August 14, respectively. Illustrate the effects on the accounts and financial statements for June 1. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Statement of...
Prepare entries to record the following selected transactions completed during the current fiscal year: Feb. 1...
Prepare entries to record the following selected transactions completed during the current fiscal year: Feb. 1 The board of directors declared a stock split which reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 500,000. 11 Purchased 25,000 shares of the company's own stock at $44, recording the treasury stock at cost. May 1 Declared a dividend of $2.50 per share on the outstanding shares of common stock. 15 Paid...