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On January 1 , Oriole Corporation had 5 8 , 7 0 0 shares of no - par common stock issued and outstanding. The stock
On January Oriole Corporation had shares of nopar common stock issued and outstanding. The stock has a stated value of $ per share. During the year, the following transactions occurred. Apr. Issued additional shares of common stock for $ per share. June Declared a cash dividend of $ per share to stockholders of record on June July Paid the $ cash dividend. Dec Issued additional shares of common stock for $ per share. Declared a cash dividend on outstanding shares of $ per share to stockholders of record on December a Your answer is correct. Prepare the entries, if any, on each of the three dates that involved dividends. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the omount is entered. Do not indent manually. List all debit entries before credit entries. Date Account Titles and Explanation Debit Credit June Cash Dlvidends Dlvidends Payable Dividends Payable Cash Cash Dlvidends Dlvidends Payable Attempts: of used b How are dividends and dividends payable reported in the financial statements prepared at December On the retained earnings statement, dividends of $ will be deducted. On the balance sheet, Dividends Payable of $ will be reported as a NEED HELP PART B
On January Oriole Corporation had shares of nopar common stock issued and outstanding. The stock has a stated value of $ per share. During the year, the following transactions occurred.
Apr. Issued additional shares of common stock for $ per share.
June Declared a cash dividend of $ per share to stockholders of record on June
July Paid the $ cash dividend.
Dec Issued additional shares of common stock for $ per share.
Declared a cash dividend on outstanding shares of $ per share to stockholders of record on December
a
Your answer is correct.
Prepare the entries, if any, on each of the three dates that involved dividends. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the omount is entered. Do not indent manually. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
June
Cash Dlvidends
Dlvidends Payable
Dividends Payable
Cash
Cash Dlvidends
Dlvidends Payable
Attempts: of used
b
How are dividends and dividends payable reported in the financial statements prepared at December
On the retained earnings statement, dividends of $ will be deducted. On the balance sheet, Dividends
Payable of $ will be reported as a
NEED HELP PART B
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