EX.12-09

Instructions The declaration, record, and payment dates in connection with a cash dividend of $129,600 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation Equipment EXPENSES 510 Cast of Goods Sold 515 Credit Card Expense 520 Salaries Experise 531 Advertising Experise 532 Delivery Expense 533 Selling Expenses 534 Rent Experts 535 Insurance Experise 538 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Experise Equipment 500 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Note Payable 226 Interest Payable 231 Cash Dividends Payable 238 Stock Dividends Distributable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Common Stock 312 Paid in Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid In Capital in Excess of Par Preferred Stock 331 Paid-in Capital from Sale af Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Journal Jourmalize the entries required on each date. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account tities. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4