Question: I need the answer as soon as possiple please Bonus Question (5 Points) on was authorized to issue 100,000 shares of $6 par common stock
I need the answer as soon as possiple please
Bonus Question (5 Points) on was authorized to issue 100,000 shares of $6 par common stock on June 30, Year 1, Wheeler issued 20,000 shares at an issue price of $9 per share. On December 1, Year 1, Wheeler's Board of Directors declared a cash dividend of $1.25 per share. The dividend is payable on December 30 to stockholders of record as of December 15. Prepare the journal entries to reflect the 1) declaration date, 2) date of record and 32) the payment date. Credit Date 1-Dec Debit Description 15-Dec 30-Dec
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
