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please help!!! Hungler Corporation produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information March 5--Hungler
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Hungler Corporation produces chocolate bars and snacks under the brand names Blast and Soothe. A press release contained the following information March 5--Hungler Corporation today announced that its Board of Directors has declared a special "one-time" cash dividend of $0.90 per share on its 105.000 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 Hungler Corporation 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. Required 1 Required 2 Prepare any Journal entries that Hungler Corporation should make on the four dates mentioned in the press release (Ir no entry is required for a transaction date select "No Journal Entry Required in the first account rold Journal entry worksheet Record the declaration of a cash dividend of $0.90 per share payable on the 105,000 shares of common stock outstanding. Note: Enter debits before credits. Date General Journal Debit Credit March 05 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 > Record the entry on the date of record. Note: Enter debits before credits Date General Journal Debit Credit March 26 Record entry Clear entry View general journal Journal entry worksheet Step by Step Solution
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