On June 20, 2010, the board of directors of Henk Company declared a $ 164,000 dividend for its common shareholders. The date of payment for the dividend is July 15, 2010, to shareholders of record on June 30, 2010. Record all the appropriate journal entries.
Answer to relevant QuestionsJohnson Corporation decided to pay a dividend of $ 2.00 per share. The corporation has 2,500,000 shares authorized, 800,000 shares issued, and 750,000 shares outstanding on the date of declaration. Make the entries necessary ...The following partial payment schedule is for a $ 75,000 note the Steiner Corporation issued for cash on October 31, 2010. If Steiner has a December 31 fiscal year- end, make the entries for the issuance of the note and ...Using the information from E15.19 and assuming the market rate of interest was 7.5 percent, make the entries for the first year of the note’s life. Burrell Industries’s board of directors authorized the issuance of $ 60,000,000 in 10- year, 9 percent bonds. The bonds are dated November 1, 2011, and interest is paid semiannually on May 1 and November 1. Burrell closes ...If a company purchases 5,000 No. 2 lead pencils for $ 800 and plans to use the pencils for five years, are the pencils a plant asset? Why?
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