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Onjanuary 1,206, Susie's Plumbers, Inc. declared a $1.00 per share dividend payable on February 1 , to holders of record on january 15 . Before
Onjanuary 1,206, Susie's Plumbers, Inc. declared a $1.00 per share dividend payable on February 1 , to holders of record on january 15 . Before the dividend was declared, the company had 100,000 shares of $10 par value stock outstanding. On the date of declaration, the journal entry to record the dividend would include credit to retained eamings of $10,000. debit to retained eamings of $100,000. There would be no joumal entry on this date. debit to dividends payable of $100,000. None of the above QUESTION 4 Still Susie's Plumbers. On the date of record, the journal entry would include a credit to common stock of $10,000. credit to common stock of $100,000. debit to dividend payable of $100,000. There would be no journal entry on this date. None of these is correct. QUESTION 5 Still Susies Plumbers, On the date of payment, the journal entry would include a credit to common stock of $10,000. credit to common stock of $100,000. debit to dividend payable of $100,000 There would be no journal entry on this dale. None of these is correct
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