Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Desert Apparel has 6,000 shares of common stock outstanding. On April 1, the company declares a $2 per share dividend to stockholders of record on April 15. The dividend is paid on April 30.

Record all necessary entries on the appropriate dates for cash dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

 

  • Record the declaration of Cash dividend of $2 per share to stockholders recorded on April 15.
Date General Journal Debit Credit
Apr 01      
       
       
       
       
       
  • Record Entry on April 15.
Date General Journal Debit Credit
Apr 15      
       
       
       
       
       
 
  • Record the cash dividend paid.
Date General Journal Debit Credit
Apr 30      
       
       
       
       
       
 
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