subject
Business, 01.12.2020 16:40 daquan20035

On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share payable to stockholders' of record on June 14. The dividends are paid on July 14. The company has 504,000 shares of stock outstanding. Closing entries are recorded on July 31. Prepare any necessary journal entries for each date. 1. Record the entry on the date of declaration for a cash dividend of 50 cents per share payable in the 504,000 shares of stock outstanding.
2. Record the entry on the date of record for a cash dividend of 50 cents per share payable on the 504,000 shares of stock outstanding.
3. Record the entry on the date of payment for the cash dividend.
4. Record the entry to close the dividend account to retained earnings.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 01:00
The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year
Answers: 2
question
Business, 22.06.2019 05:20
Social computing forces companies to deal with customers as opposed to
Answers: 2
question
Business, 22.06.2019 07:30
Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]
Answers: 3
question
Business, 22.06.2019 08:00
Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.
Answers: 2
You know the right answer?
On May 20, the board of directors for Auction. com declared a cash dividend of 50 cents per share pa...
Questions
question
Chemistry, 21.01.2021 22:50
question
Spanish, 21.01.2021 22:50
question
Mathematics, 21.01.2021 22:50
question
English, 21.01.2021 22:50
Questions on the website: 13722367