Regal Entertainment Group is the largest movie company in the world, taking in over 20 percent of

Question:

Regal Entertainment Group is the largest movie company in the world, taking in over 20 percent of the box office receipts in the United States. Listed here are transactions that typically occur each quarter. Complete the following table, indicating the sign ( 1 for increase, 2 for decrease, and NE for no effect) and amount of the effect of each transaction. Provide an account name for any revenue or expense transactions included in stockholders' equity. Consider each item independently.
a. Paid cash to purchase equipment costing $30,000.
b. Declared and paid a cash totaling $40,000.
c. Recorded depreciation on property and equipment totaling $78,000.
d. Recorded cash admissions revenues of $450,000.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...