Wednesday, June 9, 2010

Quick Study Questions 13-4 (QS 13-4) Prepare journal entries to record the following transactions for Skylar Corporation

ACC 226

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 226 Solution
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Quick Study Questions 13-4 (QS 13-4) Prepare journal entries to record the following transactions for Skylar Corporation:
May 15 Declared a $48,000 cash dividend payable to common stockholders.
July 31 Paid the dividend declared on May 15.

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