Divine Apparel has 3,900 shares of common stock outstanding. On October 1, the company declares a $0.50 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Record all transactions on the appropriate dates for cash dividends. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. October 1

Dividends (Cr)      1950

Dividend Payable (Dt)        1950

2. October 15

No journal entry required

3. Record the payment of cash dividends

Dividend Payable (Cr)  1950

Cash  (Dt)   1950

Explanation:

(3,900 shares of common stock outstanding) *(declared  $0.50 per share dividend) = 1950

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

c.

clarify customers’ doubts only when asked.