Show Affengt Sty Current Attempt In Progress Stellar Corporation Has 10 80mion Shares Of Ordinary Shares Und And Outstan 1 (28.17 KiB) Viewed 41 times
Show Affengt Sty Current Attempt In Progress Stellar Corporation Has 10 80mion Shares Of Ordinary Shares Und And Outstan 2 (24.76 KiB) Viewed 41 times
Show Affengt sty Current Attempt in Progress Stellar Corporation has 10.80mion shares of ordinary shares und and outstanding On June 1, the board of director d an 82 cents per share cash dividend to shareholders of record as of June 14, payable June 30 (A) Your answer is correct Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings account titles are automatically indented when amount is entred De not indent manually no entry is requintet No try the account tities and enter for the amounts) Debit Credit Date Account Titles and Explanation 4000 Retained Earrings Did No Entry 856000 6/1 6/34 630 V Nonery Dends Pay Ca 55000 e ven Open C 1
(b) How would the entries differ it the dividend were a liquidating dividend Credit accounts are amount is entered Do not indent evenly entry is requat, select "No Entry for the account des and enter Other the amounts) tomatically and when Date Account Titles and Explanation Debit Credit Attempts Ouf 3 S eTextbook and Media List of Accounts Saw for La Qwe Supre
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