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Question 1: (10 points): A1, B1, CI Part A - 6 Points out of 6) Three dates are important in connection with cash dividends. Identify
Question 1: (10 points): A1, B1, CI Part A - 6 Points out of 6) Three dates are important in connection with cash dividends. Identify these dates and explain their significance to the corporation and its stockholders. Part B - (10 Points) out of 10) Roblez Corporation has the following stockholder's equity accounts. Common Stock (5$ par value. 80,000 shares issued and outstanding) $ 400,000 Paid-in Capital in excess of par - Common Stock 25,000 Retained Earnings 255,000 Total stockholder's equity $ 680,000 During the year, the following transactions occurred. Feb 1 Declared a $1.50 cash dividends per share to stockholders of record on February 15, payable March 1. ( Points) Aug 1 Declared 10% stock dividend to stockholders of record on August 15, payable August 31. On August 1, the market price of the stock was $10 per share. (4 Points) Instruction: Journalize the transactions above. Account Debit Credit Date Feb 1 Feb 15 March 1 Aug 1 Aug 31
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