*The Commerce Journal>>>Other - Business & Finance

Corporations - Journal entry?

Hey guys need some help on calculating these journal entries, thanks in advance.

http://img390.imageshack.us/img390/3669/...

22/Feb
Dr Share dividend $49,500
Cr Common share dividend distributable $6,600
Cr Additional paid-in capital (common) $42,900
(declared 10% shares dividend)

10/Mar
Dr Common share dividend distributable $6,600
Cr Common shares $6,600
(issue shares for share dividend)

03/Sept
Dr Cash $154,000
Cr Preferred shares $22,000
Cr Additional paid-in capital (preferred) $132,000
(preferred shares issued)

21/Nov
Dr Cash dividend $76,450
Cr Dividend payable $76,450
(authorised dividend)

05/Dec
Dr Dividend payable $76,450
Cr Cash $76,450
(payment of dividend)

31/Dec
Dr Retained earnings $33,000
Cr Income summary $33,000
(to close off income summary)

31/Dec
Dr Retained earnings $125,950
Cr Share dividend $49,500
Cr Cash dividend $76,450
(to close off dividends accounts)

Tags

　　Cincinnati 　　Chicago 　　Boston 　　Austin 　　Atlanta 　　Other - Business & Finance 　　Other Taxes 　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes

Related information

Where can I find auction items?

USPS tracking???????

Yes you might get it by Saturday. Good luck.

...

What are retailer in business?? plz help?

Retailers are business people/organizations that buy goods and resell them to the public. Some might be your neighbors, others might be huge insensitive money guzzling conglomerates that are out o...

Can anyone give me tips on how to write a basic cover letter for an entry level position?

A cover letter is a summary of the reasons why you are the best candidate for the position. Its purpose is to make the reader want to read more about you in your resume and to get you an interview....

Can someone convert this price to a Canadian price?

110

...

EDC Gold Inquiry?

Ok, I'm going to tell you my story. Im currently a college student at WSSU. Last year around april/may I got introduced to all these programs. I think the first one i saw that really got my...

USPS recorded delivery?

Recorded Delivery is a service that is similar to Certified Mail. The big difference is that Certified Mail can only be used for Domestic Mail, and Recorded Delivery is only available for Internati...

Why don't gas stations take anything over a $20?

It is illegal for them not to take it. If that's all you have they cannot turn you down. Currency is currency. You can pay with $50 worth of pennies if you want. I've done it... went to a...