Stacyu06a1(1)(1)(1) - 15-Sep 30-Sep 12-Oct 1-Dec 1-Apr...

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15-Sep 30-Sep 12-Oct 1-Dec 1-Apr 1-Oct 1-Apr No date
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Jennifer Stacy BUS3060 = U6A1 For this assignment, provide the general journal entries to record the necessary information based on each scenario In addition, use the following account titles for the transactions: Cash Retained Earnings Dividends Payable Cash Bonds Payable Interest Expense Interest Payable Paid-in Capital Common Stock Preferred Stock Retained Earnings Dividends Payable No entry Dividends Payable Cash No entry needed Cash Cash Bonds Payable Interest Expense Cash Interest Expense Cash Cash Common Stock Paid in Capital Scenario 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. Scenario 2: North Lake Corporation had 200,000 shares of $10 par value common stock outstanding, on December 1,
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