rk Assignment (DE eBook Show Me How Calculator Print Item Entries for cash divid

Question

rk Assignment (DE eBook Show Me How Calculator Print Item Entries for cash dividends nstructions Chart of Accounts Journal HEETAL... SHEETAL SHEETAL... Instructions The declaration, record, and payment dates in connection with a cash dividend of $719,000 on a corporation's common stock are February 28, April 1, and May 15 KSHEET.AL... KSHEET.AL... NKSHEET.AL.. NKSHEETAL.. 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 exact wording of account titles

Explanation / Answer

Date General Journal Debit Credit Feb. 28 Retained earnings $719,000 Dividends payable $719,000 April 1 No entry May 15 Dividends payable $719,000 Cash $719,000

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