HANDOUT 11 3 SOLUTION – DIVIDENDS Jones Corp. has shares of stock authorized, shares issued, and shares outstanding. On August , Year 1, of Directors declared a cash dividend of $ per share, with a date of record of September , Year Jones’ Board 1. The dividend will be paid on October , Year 1. Prepare the journal entries required to record the transactions described above, as needed, and then post them to the related T-accounts: + Dividends Declared (D) Dividends Payable (L) + – –
HANDOUT 11 – 3 SOLUTION DIVIDENDS Jones Corp. has shares of stock authorized, shares issued, and shares outstanding. On August , Year 1, Jones’ Board of Directors declared a cash dividend of $ per share, with a date of record of September , Year 1. The dividend will be paid on October , Year 1. Prepare the journal entries required to record the transactions described above, as needed, and then post them to the related T-accounts: + Dividends Declared (D) – – Dividends Payable (L) +
HANDOUTS%20Ch%2011%20and%2012%20questions%20and%20solutions.docx