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Problems eBook Calculator Algo Algo Algo Instructions General Journal Instructions Dividends and Income Taxes 1. Prepare journal entries for the transactions. f an amount box
Problems eBook Calculator Algo Algo Algo Instructions General Journal Instructions Dividends and Income Taxes 1. Prepare journal entries for the transactions. f an amount box does not require an entry, leave it blank During the year ended December 31, 20-2, Bebeto Company completed the following selected transactions: Apr. 15 Estimated that its 20-2 income tax will be $30,320. Based on this estimate, it will make four quarterly payments of $7,580 each on April 15, June 15, September 15, and December 15. Made the first payment. 25 Deciared a semiannual dividend of $0.3 per share on common stock to shareholders of record on May 10, payable May 20 Currently, 86,800 shares of $i par common stock are outstanding. May 20 Paid the cash dividends. June 15 Made estimated tax payment of $7,580 Sept. 15 Made estimated tax payment of $7,580 Oct. 25 Declared semiannual dividend of so.3 per share on common stock to shareholders of record on November 10, payable on November 20 Nov. 20 Paid the cash dividends
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