Stacyu06a1(1)(1)(1)

Stacyu06a1(1)(1)(1) -...

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Unformatted text preview: 15-Sep30-Sep12-Oct1-Dec1-Apr1-Oct1-AprNo dateNo dateJennifer StacyBUS3060 = U6A1For this assignment, provide the general journal entries to record the necessary information based on each scenarioIn addition, use the following account titles for the transactions: CashRetained EarningsDividends PayableCash Bonds PayableInterest ExpenseInterest PayablePaid-in CapitalCommon StockPreferred StockRetained EarningsDividends PayableNo entryDividends PayableCash No entry neededCashCash Bonds PayableInterest ExpenseCashInterest ExpenseCashCashCommon StockPaid in CapitalScenario 1:On September 15, 2010, the board of directors of Federated Corporation declared a cash dividend of $1 per share on its 800,000 outstanding shares of common stock. The dividend is payable on October 12 to the stockholders of record on September 30. Give the journal entries necessary on September 15, September 30, and October 12, 2010....
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Stacyu06a1(1)(1)(1) -...

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