Probably drop one of the goals or find a different time to do it
The total investment stayed at the same constant value which is no changes have appeared from April to June<span>. From April to May, there was no difference between the month to month total investment value (0 = (500+400)-(600+300)). There was also no difference between the month to month total investment value from May to June (0 = (600+300)-(400+500)).</span>
Answer:
Entry's
Debit Credit
Retained earnings 100,000
Dividend payable 100,000
Explanation:
Because the dividend is declared in July but not paid in July the entry in July will be of dividend payable and not cash, dividend payable will be credited as it is a liability which is increasing and we credit when a liability increases. Secondly we will debit retained earnings because the dividends will be paid from the retained earnings and whenever retained earnings decrease we debit them. We calculate the amount by multiplying the number of shares by the dividend per share (50,000*2) = 100,000
Answer:
Please refer to the attached
Explanation:
Please refer to the attached.
Note that in trial balance Debit side must always be equal to debit side