Homework Answers
The journal entry for declaring cash dividend is
| May 01 | Retained earnings | $88,300 | |
| Dividends payable | $88,300 | ||
| (To record dividends declared) |
If at all any dividends are declared then the equity should be reduced. So retained earnings is debited.
There exists a liability for paying dividends. So dividends payable is credited.
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Journal entry worksheet < 1 2 On May 1, Love Corporation declared a $88,300 cash dividend...
Journal entry worksheet < 1 2 3 4 On May 1, Love Corporation declared a $88,300...
Journal entry worksheet < 1 2 3 4 On May 1, Love Corporation declared a $88,300 cash dividend to be paid on May 31. Note: Enter debits before credits. Date General Journal Debit Credit May 01 < Prey. 2 of 2 !!! Next
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required...
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $167,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend...
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash....
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Collected $5,600 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 Paid $1,450 cash in advance...
July 15 Declared a cash dividend payable to common stockholders of $162,000. Aug. 15 Date of...
July 15 Declared a cash dividend payable to common stockholders of $162,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug 31 Paid the dividend declared on July 15. Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event select "No Journal entry required in the first account field.) View transaction ist Journal entry worksheet Record the declaration of a cash dividend payable...
Journal entry worksheet The company received $3,150 cash in photography fees earned. Note: Enter debits before...
Journal entry worksheet The company received $3,150 cash in photography fees earned. Note: Enter debits before credits. General Journal Debit Credit Date Aug 20 Record entry Clear entry View general journal Journal entry worksheet The company purchased office supplies for $2,043 cash. Note: Enter debits before credits. General Journal | Debit Credit Date Aug 05 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 The company paid $2,700 cash for an insurance policy...
View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ........
View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 14 Sept. 3) The company purchased land valued at $46,000 and a building valued at $160,700. The purchase is paid with $30,700 cash and a long-term note payable for $176,000. Note: Enter debits before credits. Date Account Title Debit Credit Sep 03 Record entry Clear entry View general je < Requirement General Ledger < Prey. 8 of 8 !!
Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of...
Required:
1. Prepare journal entries to record each of these
transactions.
2. Prepare a statement of retained earnings for
the year ended December 31, 2019.
3. Prepare the stockholders’ equity
Please answer in this format, THANK YOU!!
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 70,000 370,000...
with this info given i need to know how to do the journal entry from 1-5?...
with this info given i need to know how to do the journal entry
from 1-5?
Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and 51 par value common. The following transactions affect stockholders' equity duri January 2 Issue 100,000 shares of common stock for $60 per share February 14 Issue 50,000 shares of preferred stock for $11 per share. May 8 Repurchase 10,000 shares of its own common stock for $50 per share May...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: Common stock, 110 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in 000s) $110,000 660,000 890,000 a. November 1, 2018, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...
View transaction list Journal entry worksheet < 1 2 3 4 "Record Mesa Wholesaler's sale of...
View transaction list Journal entry worksheet < 1 2 3 4 "Record Mesa Wholesaler's sale of merchandise 'as is' (with no returns) to Santa Fe Retailing with credit terms of 3/10, n/60 and an invoice price of $24,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a-1 Record entry Clear entry View general journal < Required 1 Required 2 > < Prev 1 of 5 Next > Synthesis Synthesis Essa....pdf Synthesis Essay (1) MacBook Pro View transaction list...
Journal entry worksheet < 1 2 3 4 On May 1, Love Corporation declared a $88,300 cash dividend to be paid on May 31. Note: Enter debits before credits. Date General Journal Debit Credit May 01 < Prey. 2 of 2 !!! Next
Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event. select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $167,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend...
Journal entry worksheet < 1 2 3 4 5 6 7 Purchased supplies for $350 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Collected $5,600 cash on accounts receivable. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 7 Paid $1,450 cash in advance...
July 15 Declared a cash dividend payable to common stockholders of $162,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug 31 Paid the dividend declared on July 15. Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event select "No Journal entry required in the first account field.) View transaction ist Journal entry worksheet Record the declaration of a cash dividend payable...
Journal entry worksheet The company received $3,150 cash in photography fees earned. Note: Enter debits before credits. General Journal Debit Credit Date Aug 20 Record entry Clear entry View general journal Journal entry worksheet The company purchased office supplies for $2,043 cash. Note: Enter debits before credits. General Journal | Debit Credit Date Aug 05 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 The company paid $2,700 cash for an insurance policy...
View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 14 Sept. 3) The company purchased land valued at $46,000 and a building valued at $160,700. The purchase is paid with $30,700 cash and a long-term note payable for $176,000. Note: Enter debits before credits. Date Account Title Debit Credit Sep 03 Record entry Clear entry View general je < Requirement General Ledger < Prey. 8 of 8 !!
Required:
1. Prepare journal entries to record each of these
transactions.
2. Prepare a statement of retained earnings for
the year ended December 31, 2019.
3. Prepare the stockholders’ equity
Please answer in this format, THANK YOU!!
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 70,000 370,000...
with this info given i need to know how to do the journal entry
from 1-5?
Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and 51 par value common. The following transactions affect stockholders' equity duri January 2 Issue 100,000 shares of common stock for $60 per share February 14 Issue 50,000 shares of preferred stock for $11 per share. May 8 Repurchase 10,000 shares of its own common stock for $50 per share May...
Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: Common stock, 110 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in 000s) $110,000 660,000 890,000 a. November 1, 2018, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March...
View transaction list Journal entry worksheet < 1 2 3 4 "Record Mesa Wholesaler's sale of merchandise 'as is' (with no returns) to Santa Fe Retailing with credit terms of 3/10, n/60 and an invoice price of $24,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a-1 Record entry Clear entry View general journal < Required 1 Required 2 > < Prev 1 of 5 Next > Synthesis Synthesis Essa....pdf Synthesis Essay (1) MacBook Pro View transaction list...
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