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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.
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 (55 par value, 80,000 shares issued and outstanding) S 400,000 Paid-in Capital in excess of par - Common Stock 25.000 Retained Earnings 255,000 Total stockholder's equity S 680,000 During the year, the following transactions occurred. Feb 1 Declared a $1.50 cash dividends per shate to stockholders of record on February 15, payahle March 1.6 Points) Aug 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 Points) 1 Instruction: Journalize the transactions above. Date Account Debit Credit Feb Feb 15 March 1 Aug 1 Aug 31
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