Scribd Logo
Upload

Welcome to Scribd!

  • 2014 Exercise 9-6 (Cash, Share, Capital, and Property)

    Uploaded by

    Sean Thyrdee
    7 views1 page
    Financial Accounting and Reporting 2

    Original Title

    Types of Dividends

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Financial Accounting and Reporting 2

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    2014 Exercise 9-6 (Cash, Share, Capital, and Property)

    Uploaded by

    Sean Thyrdee
    Financial Accounting and Reporting 2

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    EXERCISE 9-6 (CASH, SHARE, CAPITAL, AND PROPERTY)

    2014
    Mar-15 Retained Earnings 10,000.00
    Cash Dividends Payable 10,000.00
    To record declaration of dividends

    Apr-15 Cash Dividends Payable 10,000.00


    Cash 10,000.00
    To record payment/distribution of dividends

    Jul-15 Retained Earnings 40,000.00


    Property Dividends Payable 40,000.00

    Aug-15 Property Dividends Payable 40,000.00


    Investment in Pentagon Corp. Stocks 40,000.00

    Oct-15 Retained Earnings 15,000.00


    Ordinary Share Capital Dividends Distributable 15,000.00

    Dec-01 Ordinary Share Capital Dividends Distributable 15,000.00


    Ordinary Share Capital 15,000.00

    You might also like