Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11. PURCHASE, N.Y., Feb. 13, 2019 - The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of 80.9275 per share
11. PURCHASE, N.Y., Feb. 13, 2019 - "The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of 80.9275 per share of PepsiCo common stock, a 15.2 percent increase versus the comparable year earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $3.71 per share from $3.22 per share, which began with the June 2018 payment. This dividend is payable on March 29, 2019 to shareholders of record at the close of business on March 1, 2019. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2018 marked the company's 46th consecutive annual dividend increase." (source PR NEWSWIRE) The number of shares of PepsiCo, Inc. Common Stock outstanding is approximately 1.405 million Prepare the Company's journal entries on February 13, March 1, 2019, and March 29, 2019. Date Accounts Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started