Brief Exercise 15-12

Sheffield Mining Company declared, on April 20, a dividend of $521,000payable on June 1. Of this amount, $123,000is a return of capital.

Prepare the April 20 and June 1 entries for Sheffield.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Brief Exercise 15-12 Sheffield Mining Company declared, on April 20, a dividend of $521,000 payable on June 1. Of this amount, $123,000 is a return of capital. Prepare the April 20 and June 1 entries for Sheffield. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Apr. 20 June 1 Account Titles and Explanation Debit Credit