Prepare journal entries to record the following transactions for Emerson Corporation. July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15.

Q: Make the journal entries to record the transactions on the above dates  What is the significance of…

A:

Q: The declaration, record, and payment dates in connection with a cash dividend of $516,000 on a…

A: Cash dividend: The amount of cash provided by a corporation out of its distributable profits to its…

Q: On March 1st, the board of directors of Bubbly Beverage declares a cash dividend of $70,000. The…

A: On March 1st, declaration of cash dividends is done and on March 15th on the date of record no entry…

Q: Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry is…

A: Date Accounts title and explanation Debit $ Credit $ July 15 Retained earning…

Q: the basis of the following stockholders' equity accounts, indicate the items, exclusive of net…

A: Financing activities of the company include those activities which deal with funding the company .…

Q: The following information was taken from the accounting records of Oak Corporation for the year…

A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…

Q: On March 1, Blue Devil Inc. declared the cash dividends of $44,000 to its common shareholders. Blue…

A: Date Account Titles and Explanation Debit Credit March 1 Cash dividends $44,000…

Q: Bridgeport Corp. has 7,400 shares of common stock outstanding. It declares a $5 per share cash…

A: Dividend for shareholders No.of shares * cash dividend per share 7400 shares * $5 $37,000

Q: The board of directors declared cash dividends totaling $118,100 during the current year. The…

A: Formula: Cash payments during the year = Dividends beginning of the year + Declared dividends during…

Q: The board of directors declared cash dividends totaling $585,000 during the current year. The…

A: Workings: Calculate the amount of increase or decrease in dividends payable.

Q: Divine Apparel has 2,900 shares of common stock outstanding. On October 1, the company declares a…

A: Dividend: Dividend is a part of income paid to shareholders of an organization for the investment…

Q: Greenwood Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash…

A: Cash dividends are cash distributions of accumulated earnings by a corporation to its stockholders.…

Q: Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and…

A: Stockholders equity includes total capital , additional paid in capital and retained earning…

Q: The declaration, record, and payment dates in connection with a cash dividend of $659,000 on a…

A: The dividend is considered as a part of the distributable profit distributed by the company to its…

Q: The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: eBook Show Me HOW Determining Cash Payments to Stockholders The board of directors declared cash…

A: Cash dividend declared during the year $585,000. Dividend payable at the beginning of the year…

Q: Entries for cash dividends The declaration, record, and payment dates in connection with a cash…

A: The cash dividend seems to be a payment made to investors from the company's current income or…

Q: Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000;…

A: Statement of stockholder's equity is a summary of shareholders' balance. It includes common stock…

Q: Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash…

A: Dividend are recorded in the books on the date of declaration.  The record date is the date which…

Q: On October 31, Legacy Rocks Ic., a marble contractor, issued for cash 74,600 shares of $10 par…

A: a.

Q: Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry…

A: Cash Dividends is simply the payment of money made to the various stockholders out of the company’s…

Q: The following year end information is available for Compton Corporation at December 31 016 Account…

A: Retained earnings are the earnings which have been retained mean those earnings have not been…

Q: Woodland Inc. Declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The…

A: Dividend represents the distribution of profit amongs the shareholders of the company. It becomes…

Q: Woolford Inc. declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The…

A: Definition:   Cash dividends: The amount of cash provided by a corporation out of its distributable…

Q: July   15   Declared a cash dividend payable to common stockholders of $161,000. Aug.   15   Date of…

A: Payment of dividends to the stockholders of the company is a method of distributing profit to the…

Q: The following transactions took place for Solar Company.    Nov. 12   Declared total cash dividend…

A: Dividends: Dividends, as discussed above, are the amount paid by the company to its stockholders for…

Q: The declaration, record, and payment dates in connection with a cash dividend of $659,000 on a…

A: Record date is the date on which the list of shareholders entitiled to receive dividend is…

Q: The declaration, record, and payment dates in connection with a cash dividend of $135,000 on a…

A: Given, Cash dividends = $135,000 Declaration date = January 12 Record date = March 13 Payment date =…

Q: The board of directors declared cash dividends totaling $229,400 during the current year. The…

A: The dividend is declared to the shareholders from the retained earnings of the business.

Q: Sheffield Corp. has 84,000 shares of common stock outstanding. It declares a $1 per share cash…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Dividend payment procedures At the quarterly dividend meeting, Wood Shoes declared a cash dividend…

A: SOLUTION- NOTE= PLEASE TRY TO UNDERSTAND AS PER BARTLEBY GUIDELINES I AM ABLE TO SOLVE ONLY 1ST…

Q: Paid the dividend declared on November 15. Determined that net income for the year was $408,000. The…

A: Step 1 Journal is the part of the book keeping.

Q: Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry…

A: Dividend is the share or part of profits which is being distributed to the shareholders or owners of…

Q: Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and…

A: Profits distributed to stockholders are called dividends. Dividends declared and not paid are called…

Q: Catena's Marketing Company has the following adjusted trial balance at the end of the current year.…

A: >Adjusted trial balance contains adjusted balances of accounts that have been calculated after…

Q: On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 72,900 shares of $10 par…

A: Issue of shares is one of the important source of finance being used in business. It consists of…

Q: The dates of importance in connection with a cash dividend of $143,000 on a corporation's common…

A:

Q: On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 74,600 shares of $10 par…

A: A. Record journal entries for October 31 and November 19 as shown below:

Q: Oriole Corporation has 74,000 shares of common stock outstanding. It declares a $2 per share cash…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The declaration, record, and payment dates in connection with a cash dividend of $108,000 on a…

A: Dividends are the part or share of profits that is being distributed to the shareholders of the…

Q: Selected transactions for Concord Corporation during its first month in business are presented…

A: Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by…

Q: Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry…

A: The process of recording business transactions in the books of accounts for the first time is known…

Q: into the Retained Earnings account. Instructions a Prepare in general journal form the entries…

A: Journal Entry The basic process of accounting process is to make the required journal entry which…

Q: What was the amount of cash payments to stockholders during the year?

A: Statement of cash flows: It is one of the financial statement that shows the cash and cash…