Solution-Prepare journal entries to be recorded on date of

Prepare journal entries to be recorded on date of payment

Assignment Help Accounting Basics

Reference no: EM132569390

Question - Major's Mining Ltd has 500,000 shares issued and outstanding at 30 June 2019. On 30 June 2019 the company's board of directors declared a $0.40 per share cash dividend to be paid on 1 August 2019 to shareholders on record at 15 July 2019.

Required - Prepare the necessary journal entries to be recorded on:

(a) the date of declaration,

(b) the date of record, and

Reference no: EM132569390

Questions Cloud

Calculate the closing balance of retained earnings : When preparing the financial statements of Somersby Ltd for the year ended 30 June 2019, Calculate the closing balance of Retained earnings for Somersby Ltd

Prepare the current liability section of The Cotton Company : Prepare the current liability section of The Cotton Company's Statement of Financial Position, assuming $15,000 of the mortgage is payable next year

Maximum return expected based on analysis : If a two stocks (A & B) equally weighted portfolio is constructed, what is the maximum return expected based on your analysis in part i

Calculate the ending retained earnings : The following information is taken from the accounts of Bridge Ltd at 30 June 2019 (items are listed in 'random' order). Calculate the ending retained earnings

Prepare journal entries to be recorded on date of payment : Major's Mining Ltd has 500,000 shares issued and outstanding at 30 June 2019. Prepare journal entries to be recorded on date of payment

Calculate after-tax cash flow at disposal : Genetic Insights Co. purchases an asset for $11,162. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation

European and north american freight transportation systems : Compare and contrast the European and North American freight transportation systems, globalized trade, and global policy implications.

Article review -curriculum policy implementation : Teachers responses to curriculum policy implementation: colonial constraints for curriculum reform by Jacqueline Kin-Sang Chan

Social-ethical and legal implications : Producing and marketing a product without regard to ethical, legal, and social considerations is detrimental to the overall success of any company.

User Account

All Pages

Prepare journal entries to be recorded on date of payment

Reference no: EM132569390

Reference no: EM132569390

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT