Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jounralize the entries required on each date Chapter 13 Homework Entries for cash dividends Instructions Chart of Accounts Instructions The declaration, record, and payment dtes

Jounralize the entries required on each date
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Chapter 13 Homework Entries for cash dividends Instructions Chart of Accounts Instructions The declaration, record, and payment dtes in connection with a cash dividend of $130,400 on a corporation's common stock are January 12, March 13, and April 12. 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. instructions Chart or Accounts Journal Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses Instructions Chart of Accounts Journal I DRUI VOI LAVORO Chart of Accounts 745 Ulice Supplies 151 Prepaid Insurance 181 Land 193 Equipment 194 Accumulated Depreciation-Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 236 Stock Dividends Distributable 241 Salaries Payable 261 Mortgage Note Payable 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense Chapter 13 Homework Entries Torch Vintas Instructions Chart of Accounts Journal Journal the entries required on each date. I no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUIT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Comprehensive Guide For Beginners

Authors: Robert McCarthy

1st Edition

1638180474, 978-1638180470

More Books

Students also viewed these Accounting questions