Homework Answers
| Journal Entries | ||||
| Sr. No. | Date | Account Title and explanation | Debit | Credit |
| 1 | March, 15 | Retained Earnings (228,000,000 X $ 0.035) | $79,80,000 | |
| Dividend Payable | $79,80,000 | |||
| 2 | March , 30 | "No Journal entry" for record date of dividend | $0 | |
| Dividend Payable | $79,80,000 | |||
| 3 | April, 13 | Cash | $79,80,000 | |
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On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockhold...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockhold...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
On March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on...
On March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on April 13 to all stockholders of record on March 30 Required: Record American Eagle's declaration and payment of cash dividends for its 226 million shares (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions (ie. $5.5 should be entered as 5,500,000).) 04:16:55 Journal entry worksheet <...
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...
required journal entries: 1. record the declaration of cash dividends. 2. record the entry on the...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
On March 15, American Eagle declares a quarterly cash dividend of $0.080 per share payable on...
On March 15, American Eagle declares a quarterly cash dividend of $0.080 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 219 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) California Surf Clothing Company issues...
Required information [The following information applies to the questions displayed below.) Clothing Frontiers began operations on...
Required information [The following information applies to the questions displayed below.) Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity. January 1 Issues 700 shares of common stock for $34 per share. April 1 Issues 110 additional shares of common stock for $38 per share. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular transaction/event, select "No Journal...
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock...
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $19,000. Mareh 5 Obtain $8,600 loan from the bank by signing a note. March 10 Purchase construction equipment for $23,000 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $17,600 on account. March 27 Receive $12,600 cash on account from March 22 services. March 28 Paysalaries for the current month of $5,600. . View...
Divine Apparel has 2.900 shares of common stock outstanding. On October 1, the company declares a...
Divine Apparel has 2.900 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31 Record all transactions on the appropriate dates for cash dividends. If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the declaration of le Enter debits before credits Date General...
Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 -...
Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 - BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.19 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 8,700 million...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
On March 15, American Eagle declares a quarterly cash dividend of $0.035 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 228 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet...
On March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on April 13 to all stockholders of record on March 30 Required: Record American Eagle's declaration and payment of cash dividends for its 226 million shares (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars, not in millions (ie. $5.5 should be entered as 5,500,000).) 04:16:55 Journal entry worksheet <...
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...
required journal entries:
1. record the declaration of cash dividends.
2. record the entry on the date of record.
3. Record the payment of cash dividends.
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 216 million shares. (If no entry is E required for a particular transaction/event, select "No Journal...
Required information [The following information applies to the questions displayed below.) Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders' equity. January 1 Issues 700 shares of common stock for $34 per share. April 1 Issues 110 additional shares of common stock for $38 per share. Required: 1. Record the transactions, assuming Clothing Frontiers has no-par common stock. (If no entry is required for a particular transaction/event, select "No Journal...
Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $19,000. Mareh 5 Obtain $8,600 loan from the bank by signing a note. March 10 Purchase construction equipment for $23,000 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $17,600 on account. March 27 Receive $12,600 cash on account from March 22 services. March 28 Paysalaries for the current month of $5,600. . View...
Divine Apparel has 2.900 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31 Record all transactions on the appropriate dates for cash dividends. If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the declaration of le Enter debits before credits Date General...
Following is a recent Business Software Corp. press release: REDMOND, Wash. - March 16, 2016 - BusinessSoftware Corp. today announced that its board of directors have declared a quarterly dividend of $0.19 per share. The dividend will be payable on June 9, 2016, to shareholders of record on May 19, 2016. The ex-dividend date will be May 17, 2016 Prepare the journal entries BusinessSoftware Corp. used to record the declaration and payment of the cash dividend for its 8,700 million...
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