Cash Dividend ( 8 points) Beginning 2021, Korab Nutrition Corp. had dividends payable of US$ 225,000. During
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Question:
Cash Dividend ( 8 points) Beginning 2021, Korab Nutrition Corp. had dividends payable of US$ 225,000. During this year, the Board of Directors declared cash dividend of US$ 500,000. On December31st ,2021, the account dividends payable shows US670,000.
Instruction:
(show your calculations and round to 2 decimal places)
a) Determine the Amount of Cash Dividend paid during the year 2021.
b) Enter the transaction for a) into the journal.
Related Book For
Organic Chemistry
ISBN: 978-1118133576
11th edition
Authors: Graham Solomons, Craig Fryhle, Scott Snyder
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