Homework Answers
| Event | General Journal | Debit | Credit |
| 1 | Retained earnings(9,300 million shares × $0.16) | $1,488 | |
| Cash dividends payable | $1,488 | ||
| 2 | No journal entry required | ||
| 3 | Cash dividends payable | $1,488 | |
| Cash | $1,488 |
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Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash-March 16, 2016-BusinessSoftware Corp. today announced that...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.—March 16, 2016 — BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.20 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 9,700 million shares. (If no...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.-March 16, 2016 BusinessSoftware Corp. today announced...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.-March 16, 2016 BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.13 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 9,000 million shares. (If no entry...
Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 -...
Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 - BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.19 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 8,700 million...
Yougi Corp. is an animation studio that issued the following recent press release April 1 Yougi...
Yougi Corp. is an animation studio that issued the following recent press release April 1 Yougi Corp today announced that its Board of Directors has declared a cash dividend of $0.60 per share on 575.000 outstanding preferred shares. The dividend will be paid on or before May 11, to preferred shareholders of record at the close of business on May 26. The Company's fiscal year will end on June 30. Required: 1. Prepare any journal entries that yougi Corp should...
Yougi Corp. is an animation studio operating in South Florida. A recent press release contained the...
Yougi Corp. is an animation studio operating in South Florida. A recent press release contained the following information: April 1—Yougi Corp. today announced that its Board of Directors has declared a cash dividend of $0.40 per share on 685,000 outstanding preferred shares. The dividend will be paid on or before May 31, to preferred shareholders of record at the close of business on May 26. The Company's fiscal year will end on June 30. Required: 1. Prepare any journal entries...
National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A...
National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate Corp. today announced that its Board of Directors has declared a special one-time cash dividend of $1.20 per share on its 96,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30 Required 1....
National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A...
National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5—National Chocolate Corp. today announced that its Board of Directors has declared a special “one-time” cash dividend of $1 per share on its 100,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30. Required: 1....
The shareholders' equity of Core Technologies Company on June 30, 2017, included the following: Common stock,...
The shareholders' equity of Core Technologies Company on June 30, 2017, included the following: Common stock, $1 par; authorized, 7 million shares; issued and outstanding, 3 million shares Paid-in capital excess of par Retained earnings $ 3.000.000 12,000,000 16.000.000 On April 1, 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $36 on April 1, 2018, and $46...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockhold...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
Accounting 201 help Homework
Handy Harvey is a leading global manufacturer and marketer of power tools, hardware, and home improvement products. A press release contained the following announcement:NEW BRITAIN, Conn.—(BUSINESS WIRE)—Oct. 20, 2016—Handy Harvey (NYSE: SWK) announced today that its Board of Directors approved a regular fourth-quarter cash dividend of $0.58 per common share. This extends the company’s record for the longest consecutive annual and quarterly dividend payments among industrial companies listed on the New York Stock Exchange. The dividend is payable on Tuesday,...
Following is a recent BusinessSoftware Corp. press release: REDMOND, Wash.-March 16, 2016 BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.13 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 9,000 million shares. (If no entry...
Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 - BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.19 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 8,700 million...
Yougi Corp. is an animation studio that issued the following recent press release April 1 Yougi Corp today announced that its Board of Directors has declared a cash dividend of $0.60 per share on 575.000 outstanding preferred shares. The dividend will be paid on or before May 11, to preferred shareholders of record at the close of business on May 26. The Company's fiscal year will end on June 30. Required: 1. Prepare any journal entries that yougi Corp should...
National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate Corp. today announced that its Board of Directors has declared a special one-time cash dividend of $1.20 per share on its 96,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30 Required 1....
The shareholders' equity of Core Technologies Company on June 30, 2017, included the following: Common stock, $1 par; authorized, 7 million shares; issued and outstanding, 3 million shares Paid-in capital excess of par Retained earnings $ 3.000.000 12,000,000 16.000.000 On April 1, 2018, the board of directors of Core Technologies declared a 10% stock dividend on common shares, to be distributed on June 1. The market price of Core Technologies' common stock was $36 on April 1, 2018, and $46...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
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