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Sergio039 [100]
3 years ago
8

The declaration, record, and payment dates in connection with a cash dividend of $375,000 on a corporation’s common stock are Oc

tober 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Natali5045456 [20]3 years ago
4 0

Answer and Explanation:

The Journal entry is shown below:-

October 1

Cash Dividends Dr, $335,000

         To Cash Dividends Payable $335,000

(Being a cash dividend is recorded)

November 7

No Journal entry is required

December 15

Cash Dividends Payable Dr, $335000

           To Cash  $335,000

(Being a cash dividend is recorded)

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Year 1 Year 2 Amounts billed to clients for services rendered $ 182,000 $ 232,000 Cash collected from clients 154,000 184,000 Ca
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Answer:

Explanation:

Year 1:

Cash collected from clients $154,000

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Year 2:

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Utilities paid 94000

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Revenue:  

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Expense

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Utilities 32000 29000

Insurance 19400 19400

Net income 46600 89600

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3 years ago
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