On March 15, Summit Hawk declares a quarterly cash dividend of $0.050 per share payable on April 13 to all stockholders of record on March 30. Required: Record Summit Hawk's declaration and payment of cash dividends for its 225 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).) View transaction list Journal entry worksheet 1 2 Record the declaration of cash dividends. Date March 15 3 Note: Enter debits before credits. Record entry General Journal Clear entry Debit < Prev Credit View general journal 1 of 2 44 III MacBook Air > Next > Check my

6. Which of the following is a record of all the account balances at the year end, and is used to prepare the final accounts? O aAral batanoe O b) A statement of financial position O c)A statement of cash flows O dj income statement

Rosie Dry Cleaning was started on January 1, Year 1. It experienced the following events during its first two years of operation: Events Affecting Year 1 1. Provided $45,000 of cleaning services on account. 2. Collected $39,000 cash from accounts receivable. 3. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account. Events Affecting Year 2 1. Wrote off a $300 account receivable that was determined to be uncollectible. 2. Provided $62,000 of cleaning services on account. 3. Collected $61,000 cash from accounts receivable. 4. Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the cleaning revenue on account.

topic: double-entry accounting indicate how to increase each of the accounts below (credit or debit) cash- accounts payable- supplies- accounts receivable-