Bookmarks Develop Connect https newconnect.mheducation.com/flow/connect html Out

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Bookmarks Develop Connect https newconnect.mheducation.com/flow/connect html Outdoor Wor.8-8Circuit Fingerhut am Part 02-Chapters 07-11 Help Save & Exit u Check my wo July 15 Declared a cash dividend payable to eormon stockholders of $162,00 Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on Jaly 15 Prepare journall entries to record the above transactions for Emerson select "No journal entry required" in the first account field.) Corporation. (If no entry is required for a transaction/ev View transaction list Journal entry worksheet Record the declaration of a cash dividend payable to common stockholders. Note: Enter debies before credts. Jul 15 888 a 3 4 5

Explanation / Answer

Date General Journal Debit Credit Jul 15 Retained earnings $162,000 Common dividend payable $162,000 Aug 15 No journal entry required Aug 31 Common dividend payable $162,000 Cash $162,000

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