The entry to record the payment of a previously declared dividend of $0.25 per share on 18,500 shares of common stock includes a ________
A) debit to Cash Dividends for $4,625
B) debit to Cash $4,625
C) credit to Cash Dividends for $4,625
D) debit to Dividends Payable for $4,625
D .D)
Dividend per share $0.25
No. of shares x 18,500
Total dividend payment $4,625
You might also like to view...
Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows: Advertising Expense $ 14,000 Common Stock 100,000 Dividends 21,000 Freight-In 7,000 Freight-Out Expense 10,000 Interest Income 24,000 Merchandise Inventory (Jan. 1) 70,000 Merchandise Inventory (Dec. 31) 56,000 Purchases 60,000 Purchases Returns and Allowances 4,000
Rent Expense 9,000 Retained Earnings 40,000 Sales 150,000 Sales Returns and Allowances 19,000 Wages Expense 32,000 The amount of net sales on the income statement would be a. $169,000. b. $144,000. c. $131,000. d. $137,000.
At last week's symposium the principle speaker address the affects of pollution on a individual's health
What will be an ideal response?
Is there a difference between Six Sigma DMAIC programs and Six Sigma DMADV programs? If so, what are those differences?
What will be an ideal response?
Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perpetual inventory system. Which of the following reflects the effect of the payment on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.-=-+NANA-NA=NA- OAB.-=-+NANA-+=-- OAC.+ -=NA+NANA-NA=NA- IAD.+ -=NA+NANA-NA=NA- OA
A. Option A B. Option B C. Option C D. Option D