However, it is possible for the cash paid to holders of record to differ from the amount of the liability recorded on the declaration date. For example, because cash dividends are not paid on treasury stock, either an acquisition or sale of treasury stock between the declaration date and the...
1.The purchase of supplies on account for 300 was debited to Equipment 300 and credited to Accounts Payable 3002.The Company paid dividends of 1,300 of cash and the bookkeeper debited Accounts Receivable for 130 and credited Cash 130Instructions...
How do you record dividends paid in bookkeeping? How do you reduce accounts payable? How do you calculate collection of accounts receivable? Is there accounts receivable in cash basis accounting? In accounting, when do you use bad debt in a journal entry? How do you account for interest on...
Any account listed on the balance sheet is a permanent account, barring paid dividends. On the balance sheet, $75 of cash held today is still valued at $75 next year, even if it is not spent. Thenet income(NI) is moved intoretained earningson the balance sheet as part of the closing...
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a)incorrect entry （错误的分录）Dr:Accounts Receivable $130 Cr:Cash $130 b)correct entry（正确的分录）Dr:Retained earning $1300 (看是存货还是一般的日常用品)Cr:Cash $1300 c)correcting entry（调整分录）Dr:Retained earning $1300 Cr:Accounts receivable $130 Cash $1170 ...
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Answer to: Simpson Corp. paid cash dividends of $1,800. Prepare the general journal entry to record this transaction. By signing up, you'll get...
Cash Account → Debit by $1 million Bonds Payable → Credit by $1 million For each month that the bond is outstanding, the “Interest Expense” is debited, and “Interest Payable” will be credited until the interest payment date comes around, e.g. every six months. After each periodic ...
(B) If any cheques, warrants or orders for dividends or other moneys payable in respect of a share sent by the Company to the person entitled thereto are left uncashed on two consecutive occasions or on one occasion if such cheque, warrant or order is returned to the Company undelivered, ...