At the beginning of 2022, Julie Inc. had 30,000 issued and outstanding shares. On June...
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At the beginning of 2022, Julie Inc. had 30,000 issued and outstanding shares. On June 1, 2022, Julie repurchased 1,000 shares of its common stock. On September 1, 2022, Julie declared a cash dividend of $1.50 per share payable on October 1 to stockholders of record on September 15. Which of the following would be part of the correct journal to be made on September 1, 2022? Credit cash $43,500 Debit Dividends (declared) for $45,000 Debit Dividends (declared) for $43,500 No entry is required on September 1st
At the beginning of 2022, Julie Inc. had 30,000 issued and outstanding shares. On June 1,2022, Julie repurchased 1,000 shares of its common stock. On September 1,2022, Julie declared a cash dividend of $1.50 per share payable on October 1 to stockholders of record on September 15. Which of the following would be part of the correct journal to be made on September 1, 2022? Credit cash $43,500 Debit Dividends (declared) for $45,000 Debit Dividends (declared) for $43,500 No entry is required on September 1st
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