The dates connected with a cash dividend of $115,000 on a cor¬

poration’s common stock are April 12, April 29, and May 8. Present in general journal form the entries pertaining to the declaration and payment of the dividend.

Compute corporate income taxes.

P.O. 1,2 Describe entries from T accounts.

P.0.4 Journalize entries to appropriate re¬

tained earnings, purchase a ware¬

house, and release the appropriation.

P.O. 5 journalize entries to declare and pay a cash dividend.