Question
Culver Corporation has 35 million shares of common stock issued and outstanding. On August 31 the board of directors voted a $1.10 per share cash
Culver Corporation has 35 million shares of common stock issued and outstanding. On August 31 the board of directors voted a $1.10 per share cash dividend to stockholders of record as of September 5, payable September 30.
(a)
Prepare the journal entries for each of the dates above assuming the dividend represents a distribution of earnings. (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 | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date 8/319/59/30 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date 8/319/59/30 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date 8/319/59/30 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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