The board of directors of Capstone Incorporated declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. Assuming the dividends were declared on June 1, what is the entry on June 30 to record the payment of cash dividends? Transection A. B. C. D. Dividends Account Title Dividends Payable Dividends Payable Cash Dividends Dividends Payable Dividends Payable Cashi Debit 9,000 9,000 12,000 12,000 Credit 9,000 9,000 12,000 12,000

Please help me jn this sir accounting question

Newly formed S&J Iron Corporation has 143,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 12,000 shares of the stock for $10 per share. On May 2, the company issued an additional 23,500 shares for $22 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A…

Subject: accounting

Goda

Looking for the Less: Cash dividends declared to find the Retained earnings.. Attached the journal entries as well.

Entries for Stock Dividends Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced Life Co.: Common stock (600,000 shares authorized; 400,000 shares issued), $8 par, $3,200,000; Paid-in capital in excess of par-common stock, $800.000; and Retained earnings, $25,600,000. The board of directors declared a 2% stock dividend when the market price of the stock was $19 a share. Advanced Life Co. reported no income or loss for the current year. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. If an amount box does not require an entry, leave it blank. Retained Earnings Stock Dividends Distributable Paid-In Capital in Excess of Par-Common Stock a2. Journalize the entry to record the issuance of the stock certificates. If an amount box does not require an entry, leave it blank. Stock Dividends Distributable Common Stock b. Determine the following…

Treasury Shares On October 10, the capital of the shareholders (stockholders' equity) of Sherman Systems, Inc. it consisted of the following:     Common stock–$10 par value, 72,000 shares authorized, issued, and outstanding     $     720,000 Paid-in capital in excess of par value, common stock   216,000 Retained earnings   864,000 Total stockholders’ equity $ 1,800,000   Prepare the daily entries to record the following transactions:   October 11 – Sherman Systems purchased 5,000 of its own common stock at a price of $25 per share.   November 1 – Sherman Systems sold 1,000 of its shares in treasury stock at a price of $31 per share.   November 25 – Sherman Systems sold the remaining shares in treasury at a price of $20 per share.

H1.

Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $57,700 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. July 9 Aug. 31 Oct. 1