Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 5.00

Drake Corporation

Journalizing dividends Drake Corporation completed the following transactions during December of the current year and January of the next year.

Instructions:

1. Use page 17 of a general journal. Journalize the dividend declared on December 15.

2. Use page 28 of a cash payments journal. Journalize payment of the dividend on January 15.

Transactions:

Dec. 15. The board of directors declared a dividend of $1.50 per share; capital stock issued is 2,100 shares. M258.

Jan. 15. Paid cash for dividend declared December 15. C721.

 

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Maurice Tutor
(5)
Status NEW Posted 06 May 2018 05:05 PM My Price 5.00

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