Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

The company paid dividends of $3,000. Which of the following is the journal entry the company should record? Dividends3,000Fees Earned3,000 Common Stock3,000Cash3,000 Dividends3,000Cash3,000 No entry

The company paid dividends of $3,000. Which of the following is the journal entry the company should record?

Dividends3,000Fees Earned3,000

Common Stock3,000Cash3,000

Dividends3,000Cash3,000

No entry is required.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: Late RC Sekhar, AV Rajagopalan

1st Edition

195683609, 978-0195683608

More Books

Students also viewed these Accounting questions

Question

★★★★★

Think about the major ways in which acid rain causes damage, such as through forest erosion, property damage, reduced visibility, and adverse health outcomes. Which of these costs are highly...

Answered: 1 week ago

Question

★★★★★

Make up a list of criteria that defines a good downsizing effort.

Answered: 1 week ago

Question

★★★★★

For the variable chest circumference (Chest) in the Body Fat data set, (a) estimate the standard deviation of Chest. (b) bootstrap the approximate standard error of the standard deviation of Chest....

Answered: 1 week ago

Question

★★★★★

How could the concept of making such evaluations mandatory be implemented? MINI CASE Overall, in the light of this study, we would come out strongly in favor of post-project reviews (provided you do...

Answered: 1 week ago

Question

★★★★★

Question 12 The force of interest delta(t) is given by In(1.5) for all non-negative t. An investment with this force of interest accumulates to 1000 at t=6.5. Find its value at t=3.5 A. 296.30 B. The...

Answered: 1 week ago

Question

★★★★★

Steam at 700 bar and 600 C is withdrawn from a steam line and adiabatically expanded to 10 bar at a rate of 2 kg/min. What is the temperature of the steam that was expanded, and what is the rate of...

Answered: 1 week ago

Question

★★★★★

What is the expected annual return for a stock that is priced at $64.78, is expected to pay a dividend of $2.00 every quarter forever, and is expected to pay its next dividend in 3 months?

Answered: 1 week ago

Question

★★★★★

Given a rectangular hollow box with outer dimensions 125mm x 85mm and constant thickness of 10mm has an ultimate stress of 415 MPa. Modulus of Elasticity of 110 GPa. a. Determine the bending moment M...

Answered: 1 week ago

Question

★★★★★

"Political, economic, and legal environments of country clearly influence the attractiveness of that country as a market or investment site". Do you agree with this statement? Discuss. And explain...

Answered: 1 week ago

Question

★★★★★

Angie sees a sign on the counter of her local gym which says " No-one is allowed to use the equipment if they have not paid current gym fees ". This is an example of:

Answered: 1 week ago

Question

★★★★★

1. Assume the demand function for good Y is as follows: D = 850 + 21+ 15Px 1315 where QD 2 Quantity demanded of good Y, I = Average income, PK 2 Price of good X and PY 2 Price of good Y. (a)...

Answered: 1 week ago

Question

★★★★★

During the 2023 income year, Nilpa (a resident taxpayer) received the following: Net salary from employer (PAYG of $30,000 was withheld) $90,000 Allowance from employer $10,000 Cash prize from...

Answered: 1 week ago

Question

★★★★★

1. I try to create an image of the message

Answered: 1 week ago

Question

★★★★★

4. I try to make them feel what I really mean (1 is related to the visionary, 2 to the logical, 3 to action and 4 to the emotional).

Answered: 1 week ago

Question

★★★★★

4. What is the goal of the others in the network?

Answered: 1 week ago

Previous Question Next Question