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National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate
National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate Corp. today announced that its Board of Directors has declared a special one-time cash dividend of $0.80 per share on its 94,000 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 journal entries that National Chocolate Corp. should make on the four dates mentioned in press release. (If no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the declaration of a cash dividend of $0.80 per share payable on the 94,000 shares of common stock outstanding. Note: Enter debits before credits. Date General Journal Debit Credit March 05 Record entry Clear entry Vieww geneval jourma National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate Corp. today announced that its Board of Directors has declared a special "one-time" cash dividend of $0.80 per share on its 94,000 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 journal entries that National Chocolate Corp. should make on the four dates mentioned in press release. (t no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 4 Record the entry on the date of record. Note: Enter debits before credits. Date March 26 General Journa ebit Credit Record entry Clear entry View general ournal National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate Corp. today announced that its Board of Directors has declared a special one-time" cash dividend of $0.80 per share on its 94,000 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 journal entries that National Chocolate Corp. should make on the four dates mentioned in press release. (If no entry is required for a transaction/date, select "No Jourmal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the payment of the cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit April 29 Record entry Clear entry View general journal National Chocolate Corp. produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information: March 5-National Chocolate Corp. today announced that ts Board of Directors has declared a special one-time' cash dividend of $0.80 per share on its 94,000 outstanding common shares. The dividend will be paid on April 20 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 journal entries that National Chocolate Corp. should make on the four dates mentioned in press release. (If no entry is required for a transaction/date, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close dividends account. Note: Enter debits before credits Date April 30 DebitCredit General Journal Record entry Clear entry View general journal
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