Question: Concord Mining Company declared, on April 2 0 , a dividend of $ 4 2 9 , 0 0 0 payable on June 1 .

Concord Mining Company declared, on April 20, a dividend of $429,000

Concord Mining Company declared, on April

20,

a dividend of $

429, 000

payable on June

1 .

Of this amount, $

129, 000

is a return of capital.

Prepare the April

20

and June

1

entries for Concord.

(

List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select

"

No Entry" for the account titles and enter

0

for the amounts.

)

Date Account Titles and Explanation

Debit

Credit

Apr.

20

June

1

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