Solved: On october 1 2013 daster corporation declared a 50000 cash, Accounting Basics

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On october 1 2013 daster corporation declared a 50000 cash

On October 1, 2013, Daster Corporation declared a $50,000 cash dividend to be paid on December 15 to shareholders of record on November 1.

Required:

a. Record the events occurring on October 1, November 1, and December 15 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).

2406_264-B-A-C (239).png

b. Prepare journal entries for all events associated with the dividend.

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Accounting Basics: On october 1 2013 daster corporation declared a 50000 cash

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