HDR 0 :0 513028994534 One or more installed add-ons cannot be verified and have

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HDR 0 :0 513028994534 One or more installed add-ons cannot be verified and have been disabled. annusl repent for Malbu Beachweer repoted the folowing trensactions efecting atockholden equty Arthosed $351000 of common nock now hold in b. Declered cesh dividends in the emount f $260,500 c Paid the dividends in select .%0 Journal Erwy quired" inthe first account feld) 1 Record the purchase of $351.000 cemmon stock 2 Record the cash dividends declared in the amount of $260,300 3 Record the payment of the dividend. 4 Record the issue of 110,000 shares of $0.10 par common shares for 52 per share 5 Closed the Dividends account. Recerd the entry 0 Firefox automatically sends some data to Moila so that we can improve yeur experience SLO-MO VIDEO PHOTO SQUARE PANO

Explanation / Answer

journal entries Accounting titles & explanations Debit Credit a. treaasury stock 351,000 cash 351,000 b. cash dividend 260,500 dividends payable 260,500 c. dividends payable 260,500 cash 260,500 d. cash 220000 common stock 11000 paid in capital in excess of par 209000 e. retained earnings 260,500 cash dividend 260,500

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