Question

ch A news story on caption (NYSE WA y on 19 April 2019 reads as follows the boards of directors of Wisconsin Energy YSE WEC) and Wisconsin Electric Power Company today declared quarterly dividends asin Energy board of directors today declared a quarterly cash dividend of 24 25 cents a share mpany'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. me Wisconsin Ener on the company's com payable on June 1 (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 April, 2019

ex-dividend date = May 3, 2019

holder-of record date = May 4, 2019

payment date = June 11, 2019

(b)

	Date	Account	Debit/Credit	Amount
Declaration	Apr-19	Retained Earnings / Cash Dividend	Debit	$   54,686,175
Date		Dividend payable	Credit	$   54,686,175
Payment	Jun-11	Dividend payable	Debit	$   54,686,175
Date		Cash	Credit	$   54,686,175