Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...

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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend...

Entries for Cash Dividends

The declaration, record, and payment dates in connection with a cash dividend of $81,500 on a corporation's common stock are January 12, March 13, and April 12.

If no entry is required, select "No Entry Required" and leave the amount boxes blank.

Jan. 12

Mar. 13

Apr. 12

business accounting

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Answer 1

Answer #1

Answer

--Journal entries asked

Date	General Journal	Debit	Credit
Jan. 12	Cash Dividend (or Dividend or Retained earnings)	$81,500
	Dividend Payable		$81,500
Mar. 13	[No Entry required on the record date]
	[No Entry required on the record date]
Apr. 12	Dividend Payable	$81,500
	Cash		$81,500

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Answer 2

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