Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 15, american eagle declares a quarterly c

On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable...

70.2K

Verified Solution

Question

Accounting

On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 210 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 million should be entered as 5,500,000).)

Record the declaration of cash dividends.

Date General entry Debit Credit
March 15th

  • Record the payment of cash dividends.

Date General entry Debit Credit
April 30th

Record the entry on the date of record.

Date General entry Debit Credit
March 30th

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What determines the trait we see, like color of eggs or hair? Why is it useful to...

Programming
1.2K views

PLEASE put your answer in a table What are the usages of the following API's/ Macros...

Psychology
1.2K views

Analyze your own temperament. Indicate whether your temperament is better explained by the Chess and Thomas...

Physics
1.2K views

the position magnification and natur A motor car is fitted with a rear view mirror...

Physics
1.2K views

If a resistance R is connected in parallel with resistance R in circuit then possible...

Algebra
1.2K views

Shanti wrote the predicted values for a data set using the line of best fit...

Accounting
1.2K views

Pit Corporation owns 85% of Stop Companys outstanding common stock. On 07/01/18, Pit sold inventory...

Accounting
1.2K views

En el cronograma del costo de los bienes manufacturados, depreciacin en el equipo de la...

Accounting
1.2K views

Rich and Rita propose to have their corporation, Big Blue, acquire another corporation, Green Company,...

Accounting
1.2K views

Shareholders are required to have a basis before losses are deducted. Describe why this would...

Finance
1.2K views

5 points Suppose that there are two independent economic factors, F1 and F2. The risk-free...

Accounting
1.2K views

A company reports the following for one of its products. Direct materials standard (4...