Question

A s story on corporation (NYSE W The Wisconsin Ener on 19 April 2019 reads as follows the boards of directors of Wisconsin Energy JYSE WEC) and Wisconsin Electric Power Company today declared quarterly dividends sin Energy board of directors today declared a quarterly cash dividend of 24 25 cents a share pany's common stock. The number of shares outstanding is 225.51 million. The dividend is on June 11, 2019 based on the shareholders in its books as on May 4, 2019 on the company's com payable on June 11 (A) Identify: a) declaration date- b) ex-dividend date - c) holder-of-record date- d) payment date (B) Journalize the transactions: Date Account Debit/Credit Amount Declaration date Payment date

Answer 1

a) Declaration Date - 19-Apr-19 3 b) Ex-dividend Date - 03-May-19 4 C) Holder-of-record date - 04-May-19 5 d) Payment Date - 11-Jun-19

(in Millions) Debit $ 5,468.6175 Credit (225.51 million shares * $24.25 per share) $ 5,468.6175 Date Account Declaration Date 19-Apr-19 Retained Earnings Dividends Payable (To record dividends declared) Payment Date 11-Jun-19 Dividends Payable Cash (To record payment of dividends) $ 5,468.6175 $ 5,468.6175