If the beginning balance of Dividend Payable at Nov 30 is 200 what is the amount of cash dividend paid in December.
Of the cash dividends paid, how much related to the current period?
ADJ Trail Balance Dec
Account
Debit
Credit
Cash
$8,500
$7,000
Accounts Receivable
7000
6,600
Prepaid Advertising
1000
20
Accounts Payable
4000
5000
Interest Payable
30
Note Payable
500
3900
Dividend Payable
500
800
Common Stock
1200
Paid in Capital in Excess Par
2000
Dividend Declared
700