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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $89,000 on a corporation's common stock are February
Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $89,000 on a corporation's common stock are February 1, March 18, and May 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Feb. 1 Mar. 18 - May. 1 Entries for Stock Dividends Vienna Corporation has 36,000 shares of $80 par common stock outstanding. On June 8, Vienna Corporation declared a 45 stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $97 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required and leave the amount boxes blank. Sun 8 JUL 13 Aug. 12 Aug. 12_ Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 7,800 shares of its common stock at $30 per share. On August 3, Buzz Off sold 4,800 of the reacquired shares at $33 per share. November 14, Buzz Off sold the remaining shares at $29 per share Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27
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