Crane Corporation has 70,000 shares of common stock outstanding. It dedares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31.
Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.
Date | Accounts Title and explanation | Debit | Credit |
Nov 1 | Retained Earnings | 70000 | |
Dividends Payable | 70000 | ||
(To record decleration of Dividends) | |||
Dec 1 | Dividends Payable | 70000 | |
Cash | 70000 | ||
(To record payment of Dividends) |
greenwood corporation has 80,000 shares of common stock outstanding . it declares at $1 per share cash dividend on november 1 to stockholders of record on december 1. the dividend is paid on december 31 . prepare the entries on appropriate dates to record the declaration and payment of the cash dividend .
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If ne entry...
the two treasury stock transactions. sury stock for cash tra BE11.7 (LO 3) Greenwood Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. Pre
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