It would be on June 3rd. This is the day before the ex-dividend date. The ex-dividend date for stocks is typically set one working day before the record date. If you acquire a stock on its ex-dividend date or after, you will not obtain the next dividend imbursement. As an alternative, the vendor gets the dividend. If you buy earlier than the ex-dividend date, you can get the dividend.
Answer:
A.19
hope this helps! this seems like an easy question to me, is this a trick question??
Answer:
Explanation:
The four transactions will be recorded in the general journal as follows:
1) Debit cash $12,000
Credit common stock $12,000
(To record the sale of common stock)
2) Debit purchases $5,600
Credit cash $5,600
(To record purchase of inventory in cash)
3) Debit cash $5,712
Credit sales $3,360
Credit gross profit $2,352
(To record the sale of inventory in cash)
4) Debit advertising expenses $650
Credit cash $650
(To record the payment of advertising expenses in cash)
Answer:
- $140
- $14,140
Explanation:
1. First find the net amount amount the company borrowed in April:
= Cash balance to be maintained + Loan repayment - Budgeted end of April balance
= 37,000 + 1,000 - 24,000
= $14,000
Interest = 14,000 * 12%/ 12 months
= $140
2. Financing effect:
= Amount borrowed + Interest
= 14,000 + 140
= $14,140
Answer:
Balance Sheet
Explanation:
The balance sheet is a financial statement that shows a companies assets, liabilities, and shareholder equity.
