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all parts please

| Onlinr /takeAssignment/takeAssignmentMain.do?invoker-assignments&itakeAssignmentSessionLocator-assignment; take&i; eBook Show Me How Calculator Print Item Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $77,000 on a corporation's common stock are February 1, March 18, and May Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Mar, 18 May. 1

Explanation / Answer

Entries for cash dividends: Date Account titles Debit Credit Feb-01 Retained earnings 77000 Dividends payable 77000 (Declared cash dividend) Mar-18 No journal entry required May-01 Dividends payable 77000 Cash 77000 (Cash dividend paid) Entries for stock dividends: Date Account titles Debit Credit Jun-08 Retained earnings (23000*5%*42) 48300 Common stock dividend distributiable (23000*5%*30) 34500 Paid in capital in excess of par 13800 [23000*5%*(42-30)] (Declared stock dividend) Jul-13 No journal entry required Aug-12 Common stock dividend distributiable 34500 Common stock 34500 (stock dividend distributed)

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