= Accounts Payable Quiz: H Additional Paid-in Capital The statement of Cash Dividends Payable Long-Term Notes Payable Question 14. ving (adapted) for the year ended December Requirement 1. to record each of these transactions. (Enter a Retained Earnings Cash dividends Share Capital Begin by recordi claration of the dividends. The payment of the Short-Term Notes Payable Date Debit Credit Treasury Shares Now, record the payment of the dividends. ., reported t Formation.) d use to rec at Frappe w ave occured Journal Entry Data table Cash flows from financing activities (amounts in millions) Cash dividends paid $ (1,850) Issuance of ordinary shares at par value 1,243 Proceeds from issuance of long-term notes payable 52 Purchases of treasury share (3,060) Payments of long-term notes payable (165) credits. Explanations are not re Print Done try. Now, record the payment of the dividends. Date Journal Entry Accounts Debit Credit Record the issuance of ordinary shares at par value, $1,243. Record the issuance of ordinary shares at par value, $1,243. Date Journal Entry Accounts Record the proceeds from issuance of long-term notes payable, $52. Debit Credit The statement of cash flows of Frappe, Inc., reported the following (adapted) for the year ended December 31, 20X6: This question: 1 point(s) possible Subn Requirement 1. Make the journal entry that Frappe would use to record each of these transactions. (Enter amounts in millions. Record debits first, then credits. Explanations are not required.) Cash dividends paid, $1,850. Begin by recording the entry that would have occured upon declaration of the dividends. The payment of the dividends will be recorded in a separate entry. Date Journal Entry Accounts Now, record the payment of the dividends. Journal Entry Debit Credit Submit Record the proceeds from issuance of long-term notes payable, $52. Date Journal Entry Accounts Debit Credit Record the payments of long-term notes payable, $165. Date Journal Entry Accounts Debit Credit Record the purchases of treasury share, $3,060. Date Journal Entry Accounts Debit Credit Record the payments of long-term notes payable, $165