9 . 2 The declaration, record, and payment dates in connection with a cash dividend of $
Question:
The declaration, record, and payment dates in connection with a cash dividend of $ on a corporations common stock are January March and April
Required:
Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
CHART OF ACCOUNTS
General Ledger
ASSETS
Cash
Accounts Receivable
Notes Receivable
Interest Receivable
Merchandise Inventory
Office Supplies
Prepaid Insurance
Land
Equipment
Accumulated DepreciationEquipment
LIABILITIES
Accounts Payable
Notes Payable
Interest Payable
Cash Dividends Payable
Stock Dividends Distributable
Salaries Payable
Mortgage Note Payable
EQUITY
Common Stock
PaidIn Capital in Excess of ParCommon Stock
Treasury Stock
Preferred Stock
PaidIn Capital in Excess of ParPreferred Stock
PaidIn Capital from Sale of Treasury Stock
Retained Earnings
Cash Dividends
Stock Dividends
Income Summary
REVENUE
Sales
Interest Revenue
EXPENSES
Cost of Merchandise Sold
Credit Card Expense
Salaries Expense
Advertising Expense
Delivery Expense
Selling Expenses
Rent Expense
Insurance Expense
Office Supplies Expense
Organizational Expenses
Depreciation ExpenseEquipment
Miscellaneous Expense
Interest Expense
Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
PAGE
JOURNALACCOUNTING EQUATION
DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
Corporate Financial Accounting
ISBN: 978-1285868783
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac