Question

RACK PRAMIR VRRSIUN NEXTH Question 13 On November 27, the board of directors of Beth Company declared a $.60 per share dividend. The dividend is payable to shareholders of record on December 7 on December 24. Beth has 25,500 shares of $1 par common stock outstanding at November 27. Journalize the entries needed on the declaration and payment dates. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 27 Dec. 24 Click if you would like to Show Work for this question: Qoen Show Work By accessing this Question Assistance, you will leam while you earn points based on the Point Potential Policy set by your instructor. SAVE POR LATER SUBHIT ANSWER Question Attempts: 0 of 4 used Earn Maximum Points available only if you answer this question correctly in three attempts or less.

Answer 1

Credit Debit 15,300 Date Account Titles and Explanation 27-Nov Dividend (0.6*25500) Dividend payable (To record the declaration of dividend) 15,300 15,300 24-Dec Dividend payable Cash (To record the payment of dividend) 15.300