Journalize the declaration and payment of the cash dividend

Assignment Help Accounting Basics
Reference no: EM132234179

Question - Self- Defense Schools, Inc. is authorized to issue 200,000 shares of $5 par common stock. The company issued 80,000 shares at $6 per share. When the market price of common stock was $8 per share, Self- Defense declared and distributed a 15% stock dividend. Later, Self-Defense declared and paid a $0.20 per share cash dividend.

1) Journalize the declaration and distribution of the stock dividend.

2) Journalize the declaration and payment of the cash dividend.

Reference no: EM132234179

How transactions recorded in general and subsidiary ledgers

ACC10008: Financial Information Systems Assessment: MYOB assignment. The assignment is not meant to be a data entry exercise, but you are required to carefully record each tr

What is the acquisition cost of asset

What is the acquisition cost of each asset? Prepare a journal entry to record the acquisition. Danny plans to depreciate the operating assets on a straight-line basis for 20

Show how this mine is reported on the balance sheet

Olpe Mining Co. purchased for $7 million a mine that is estimated to have 35 million tons of ore and no salvage value. In the first year, 6 million tons of ore are extracted a

Investigating possible ways to trim total production costs

The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of

Prepare a production budget for january

Prepare a production budget for January through June of 2012. Prepare a material purchases budget for the same period, assuming that each pound of raw material costs $ 22.

How the consolidated retained earnings amount

How the consolidated retained earnings amount will be different if Strong uses either the initial value method or the partial equity method for internal accounting purpose

Determining amount of loss

Albert purchased a tract of land for $140,000 in 2006 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth

Preparing the journal entry for transaction

At the start of february pete's had salaries payable outstanding of $17,000. on february 4th,pete sent out paychecks to its employees valued at $20,000. prepare the journal

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd