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Sir i am stuck for this question just need answer # 31 on December 20, 2020. the board of directors of Footicy declared a cash
Sir i am stuck for this question
just need answer
# 31 on December 20, 2020. the board of directors of Footicy declared a cash dividend, the dividend is pouable on January 13, 2021 of $0-40 per share on the 4010, 00 common shares atstanding. on December 20, 2020, Footjoy should:O decrease retained earnings $1.6 million and increase expenses $1.6 million. O decrease cash $1.6 million and decrease retained earnings $1.6 million. O decrease retained earnings $1.6 million and increase liabilities by $1.6 million. O not prepare a journal entry because the event had no effect on the corporation's financial position until 2020.#32 the company has an opening balance of supplies of $ 56, 000. the company purchased $ 270,000 in supplies dering the year, the supplies account increased by$19,ood during the year to an ending balance of 66,000. For what amount was the adjusting entry to supplies expense?Step by Step Solution
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