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ment CALCULATOR MESSAGE MİNSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEX Brief Exercise 15-12 Tamarisk Mining Company declared, on Apri Prepare the Apnil 20 and June 1 entries entry is required, select No Entry for the account titles and enter O for the amounts.) l 20, a dividend of $490,000 payable on June 1. Of this amount, $146,000 is a return of capital for Tamarisk. (Credit account titles are automatically indented when amount is entered. Do not Date Account Titles and Explanation Debit Credit Apr. 20 June 1 Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER
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Answer #1
Apr-20 Retained earnings 344000
[490000-146000]
Paid in capital in excess of par-Common stock 146000
Dividends payable 490000
Jun-01 Dividends payable 490000
Cash 490000
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