x Acct12206 RegistrationD xCh. 18 Homework New Tab Search x (9 unread)-mkennenz

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x Acct12206 RegistrationD xCh. 18 Homework New Tab Search x (9 unread)-mkennenz e C ezto mheducation.com/hm tpx Question 4( 4. 10.00 points Following is a recent Microsoft press release of directors declared a quarterly dividend of $0 20 per share The dividend is payable June 12, 2014 to shareholders of record on May 15, 2014 Prepare the jounal entries Microsoft used to record the declaration and payment of the its 8,800 million shares. (If no entry is required for a transactionlevent, select "No journal entry cash dividend for ured in the first account field. Enter your answers in milions entered as 10).) 10,000,000 should be Wew transaction list Journal entry worksheet Record the journal entry on the declaration date. Enter debits before credits Debit Credit Record enry entry View general journal

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Mar 15,2014 Cash dividend (8800*.20) 1760    Cash Dividend payable 1760 May 15,2014 No entry June 12, 2014 Cash Dividend payable 1760      Cash 1760

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