The dates of importance in connection with a cash dividend of $50,000 on a corporations common stock are January 15 and March 15 Required ournalize the entries required on each date Refer to the Chart of Accounts for exact wording of account titles If no entry is required, simply skip to the next transaction PAGE 1 JOURNAL DATE DESCRIPTION POST REF DEBIT CREDIT 1 2 3 4 Journalize the entries required on each date Refer to the Chart of Accounts for exact wording of account titles If no entry is required, simply skip to the next transaction CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Buildings 192 Accumulated Depreciation Building 193 Equipment 194 Accumulated Depreciation Equipment LIABILITIES 210 Accounts Payable 221 Notes Payable 226 Interest Payable 231 Cash Dividends Payable 241 Salaries Payable 261 Mortgage Note Payable EQUITY 311 Preferred Stock 312 Paid In Capital in Excess of Par Preferred Stock 321 Common Stock 322 Paid In Capital in Excess of Par Common Stock 323 Paid In Capital in Excess of Stated Value Common Stock 331 Treasury Stock 332 Paid In Capital from Sale of Treasury Stock 336 Stock Dividends Distributable 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary

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Posted on Sep 05, 2024

The dates of importance in connection with a cash dividend of $50,000 on a corporations common stock are January 15 and March 15. Required: ournalize

The dates of importance in connection with a cash dividend of $50,000 on a corporations common stock are January 15 and March 15.

Required:

ournalize the entries required on each date. Refer to the Chart of Accounts for exact wording of account titles. If no entry is required, simply skip to the next transaction.

PAGE 1

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2
3
4

Journalize the entries required on each date. Refer to the Chart of Accounts for exact wording of account titles. If no entry is required, simply skip to the next transaction.

CHART OF ACCOUNTS

General Ledger

	ASSETS
110	Cash
120	Accounts Receivable
131	Notes Receivable
132	Interest Receivable
141	Merchandise Inventory
145	Supplies
151	Prepaid Insurance
181	Land
191	Buildings
192	Accumulated Depreciation-Building
193	Equipment
194	Accumulated Depreciation-Equipment

	LIABILITIES
210	Accounts Payable
221	Notes Payable
226	Interest Payable
231	Cash Dividends Payable
241	Salaries Payable
261	Mortgage Note Payable

	EQUITY
311	Preferred Stock
312	Paid-In Capital in Excess of Par-Preferred Stock
321	Common Stock
322	Paid-In Capital in Excess of Par-Common Stock
323	Paid-In Capital in Excess of Stated Value-Common Stock
331	Treasury Stock
332	Paid-In Capital from Sale of Treasury Stock
336	Stock Dividends Distributable
340	Retained Earnings
351	Cash Dividends
352	Stock Dividends
390	Income Summary