During March, the activities of Evergreen Landscaping included the following transactions and events, among others. Which of
Question:
During March, the activities of Evergreen Landscaping included the following transactions and events, among others. Which of these items represented expenses in March? Explain.
a. Purchased a copying machine for $3,300
b. Paid $192 for gasoline purchases for a delivery truck during March.
c. Paid $2,736 salary to an employee for time worked during March.
d. Paid an attorney $672 for legal services rendered in January.
e. Declared and paid an $2,160 dividend to shareholders.
DividendA dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting
ISBN: 978-1259692390
17th edition
Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello
Question Posted: