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Can anyone please correct the mistakes in this question? please Date Account Titles and Explanation Debit Credit Feb. 1l Cash Dividends 61000 Dividends Payable 61000
Can anyone please correct the mistakes in this question? please
Date Account Titles and Explanation Debit Credit Feb. 1l Cash Dividends 61000 Dividends Payable 61000 Mar. 1 Cash Dividends 61000 Cash 61000 Apr.1No Entry No Entry July 1 Stock Dividends 256200 Common Stock Dividends Distributable 219600 Paid-in Capital in Excess of Par-Common Stock 36000 July 31Common Stock Dividends Distributable 219600 Common Stock 219600 Dec. 1 l Cash Dividends 56120 Dividends Payable 26120 Dec. 31 Income Summary 365500Step by Step Solution
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