https://edugen wileyplus.com/edugenv/student/mainfr.uni Weygandt, Financial Acco

Question

https://edugen wileyplus.com/edugenv/student/mainfr.uni Weygandt, Financial Accounting: IFRS, 3e actice Gradebook ORION Downloadable eTextbook nment Exercise 11-13 On January 1, Chevon Enterprises SA had 94,400 no-par ordinary shares issued and outstanding. The shares have a stated value of 7 per share. During the year, the following occurred. Apr. 1 Issued 28,200 additional ordinary shares for 16 per share. Dune 15 Declared a cash dividend of 1.88 per share to shareholders of record on June 30 July 10 Dec. 1 Paid the C1.88 cash dividend. Issued 2,400 additional ordinary shares for C19 per share. a cash dividend on outstanding shares of C1.28 per share to shareholders of record on December 31. Prepare the entries, if any, on each of the three dividend dates. (Credit account titles are automatically in when amount is entered. Do not indent manually.) Date Account Titdes and Explanation Debit Credit Question Attempts: 0 of 15 used SAVE FOR LATER ISUNIIT ANSWER Inc. All Rights Reserved. A Divisicn of 2ohn Wiley&Sons.; In

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit June 15 Dividend (94400*1.88) 177472     Dividend payable 177472 (To record dividend declared) July 10 Dividend payable 177472      Cash 177472 (To record dividend paid) Dec 15 Dividend (94400+2400)*1.28 123904     Dividend payable 123904 (To record dividend declared)

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