Question: Please help me with this journal worksheet question. Thank you National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and soothe.

 Please help me with this journal worksheet question. Thank you National
Chocolate Corp. produces chocolate bars and snacks under the brand names Blast
and soothe. A press release contained the following information: March 5 National
Chocolate Corp. today announced that its Board of Directors has declared a
Please help me with this journal worksheet question.
Thank you

National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and soothe. A press release contained the following information: March 5 National Chocolate Corp. today announced that its Board of Directors has declared a special "one-time" cash dividend of $0.90 per share on its 99,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30. Required: 1. Prepare any journal entries that National Chocolate Corp. should make on the four dates mentioned in release. (f no entry is required for a transaction date, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 200 Record the declaration of a cash dividend of $0.90 per share payable on the 99,000 shares of common stock outstanding. ebit Credit Date General Journal March 05 "Enter debits before credits clear entry record entry

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!