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Question 13 4 pts On 1/1/20X1, KASE votes for declares a cash Dividend of $2 per share for 20,000 outstanding shares. The journal entry for
Question 13 4 pts On 1/1/20X1, KASE votes for declares a cash Dividend of $2 per share for 20,000 outstanding shares. The journal entry for this would be: Debit Cash 40,000: Credit Common Dividend Payable 40,000 Debit Retained Earnings 40,000: Credit Common Dividend Payable 40,000 O Debit Common Dividend Payable 40,000; Credit Retained Earnings 40,000 Debit Common Dividend Payable 40,000: Credit Cash 40,000 Question 14 4 pts Reggie is a new employee at KASE. His annual salary is $67,000. His weekly salary can be determined by dividing his annual salary by 52. Taxes collected are the following: 25% Federal Income Tax and 9% State Income Tax. What is Reggle's gross pay for the month of April? (Aprilis 4 work weeks) Warning: When doing calculations, it is recommended to use Excel. If you are calculating by hand, do not round to the nearest whole number until you get to the final answer Enter your answer as rounded to the nearest whole number, for example: if the answer is 100, enter 100 if the answer is 100.49, enter 100 if the answer is 100.5, enter 101
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