Journal entry worksheet Record the entry on the date of record. Note: Enter debits before credits. Journal entry worksheet Record the payment of the cash dividend. Note: Enter debits before credits. H \& N Industries produces chocolate bars and snacks under the brand names Blast and Soothe. A press telease contained the following information: March 5-H \& N Industries today announced that its Board of Directors has declared a special "one.time" cash dividend of $1.10 per share on its 107,000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end Aprit 30 Required: 1. Prepare any journal entries that H&N industries should make on the four dates mentioned in the press telease. 2. What would the board of directors have considered before making the dividend decisions? Complete this question by entering your answers in the tabs below. What would the board of directors have considered before making the dividend decisions? The board must consider the balances of common stock and cash before declaring a cash dividend. The board must consider the balances of retained earnings and cash before declaring a cash dividend. Journal entry worksheet Record the entry to close dividends account. Note: Enter debits before credits. H \& N Industries produces chocolate bars and snacks under the brand names Blast and Soothe A press telease contained the following information: March 5-H \& N Industries today announced that its Board of Ditectors has deciared a special "one-time" cash. dividend of $1.10 per share on its 107.000 outstanding common shares. The dividend will be paid on April 29 to shareholders of record at the close of business on March 26. The Company's fiscal year will end April 30. Required: 1. Prepare any joumal entries that H&N industries should make on the four dates mentioned in the press release 2. What would the board of directors have considered before making the dividend decisions? Complete this question by entering your answers in the tabs below. Prepare any journal entries that H \& N Industries should make on the four dates mentioned in the press release. (IH no for a transaction/date, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the declaration of a cash dividend of $1.10 per share payable on the 107,000 shares of common stock outstanding. Note: Enter debits before credits. Ritz Company had the following stock outstanding and Retained Earninne at n preferred stockholders. No dividends were dects is considering the distribution of a cash dividend to the common and Case B: The preferred stock is cuncumulative; the total amount of 2021 dividends would be $24,009. Dividends were not in arrears prive the total amount of 2021 dividends would be 524,960 . Case C: Same as Case B, except the amount is 569,000. Required: 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as: described in each case. 1-b. Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as described in each case. Complete this question by entering your answers in the tabs below. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described each case. Ritz Company had the following stock outstanding and Retained Earnings at December 31. 2021 On December 31,2021 , the board of directors is considering the distribution of a cash dividend to the commo preferred stockholders. No dividends were declared during 2019 or 2020 . Three independent cases are asst Case A: The preferred stock is noncumulative; the total amount of 2021 dividends would be $24,006 Case B: The preferred stock is cumulative; the total amount of 2021 dividends would be $24,000. Dividends were not in arrears prior to 2019. Case C: Same as Case B, except the amount is $69,000. Required: 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were decla described in each case. 1-b. Compute the amount of dividends per share payable to each class of stockholders if dividends were o as described in each case. Complete this question by entering your answers in the tabs below. Compute the amount of dividends per share payable to each class of stockholders if dividends were declared each case. (Round your answers to 2 decimal places.)
