Business, 01.12.2020 16:40, daquan20035
On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share payable to stockholders' of record on June 14. The dividends are paid on July 14. The company has 504,000 shares of stock outstanding. Closing entries are recorded on July 31. Prepare any necessary journal entries for each date.
1. Record the entry on the date of declaration for a cash dividend of 50 cents per share payable in the 504,000 shares of stock outstanding.
2. Record the entry on the date of record for a cash dividend of 50 cents per share payable on the 504,000 shares of stock outstanding.
3. Record the entry on the date of payment for the cash dividend.
4. Record the entry to close the dividend account to retained earnings.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 20:00, pickles3233
What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.
Answers: 3
Business, 22.06.2019 20:20, Carloslogrono10
Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste
Answers: 2
Business, 23.06.2019 00:00, laylaaaaah2054
3. which of the following occupations relate to a skill category of mathematics and data? select all that apply. (2 correct answers) engineer financial analyst mechanic sales person 4. which of the following occupations relate to a skill category of words and literacy? select all that apply. (2 correct answers) educator lawyer marketing manager psychologist architect
Answers: 1
Business, 23.06.2019 06:50, dinarussell74
Which of the following does not use any type of computer code in their work? a. web designer b. database administrator c. information security d. computer user support
Answers: 2
Do you know the correct answer?
On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share pa...
Questions in other subjects:
French, 20.07.2021 15:30
Mathematics, 20.07.2021 15:30
English, 20.07.2021 15:30
Mathematics, 20.07.2021 15:30
History, 20.07.2021 15:30
