Traders Ltd had the following equity balances at 1 April 2022:Share capital (400,000 shares)$1,250,000Retained earnings$5,030,225 The following transactions related to equity occurred in the year ended 31 March 2023:15 August 2022Declared interim share dividend of 10% of shares at $5.40 per share. 10 September 2022Shares issued for the interim share dividend.1 March 2023Declared final cash dividend of 13 cents per share for the year ended 31 March 2023What is the journal entry to record the issue of shares for the interim share dividend on 10 September 2022?Group of answer choicesDr Share dividends payable $216,000 Cr Share capital $216,000Dr Retained earnings $52,000 Cr Share capital $52,000Dr Dividends $52,000 Cr Cash $52,000Dr Cash $216,000 Cr Share capital $216,000

A company reported the following stockholders’ equity on January 1 of the current year:Common stock–$10 par value, 1,000,000 shares authorized; 270,000 shares issued $ 2,700,000Paid-in capital in excess of par value, common stock 1,280,000Retained earnings 1,695,000Total stockholders’ equity $ 5,675,000Prepare journal entries for the following selected transactions.March 1  Purchased 12,000 shares of its own stock for $25 cash per share.May 5  Sold 6,000 shares of its treasury stock for $25 cash per share.October 12  Sold 4,000 shares of its treasury stock for $26 cash per share.

The board of directors of Capstone Incorporated declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock.Assuming the dividends were declared on June 1, what is the entry on June 30 to record the payment of cash dividends? Transection Account Title Debit CreditA. Dividends 9,000  A. Dividends Payable   9,000B. Dividends Payable 9,000  B. Cash   9,000C. Dividends 12,000  C. Dividends Payable   12,000D. Dividends Payable 12,000  D. Cash   12,000Multiple ChoiceOption AOption BOption COption D

At 31 December 2023, OZWise Ltd has the following components of Equity:Contributed equity 2,500,000 ordinary $1 sharesRetained earnings $ 4,000,000Reserves $ 600,000On 31 December 2023, the directors of the company declared a 10% share dividend to bepaid out of the balance in the Retained earnings account on 5 January 2024.Required(a) Prepare journal entries to record the declaration and payment of share dividends.(b) Calculate the balance of the retained earnings after the payment of share dividends.

Prepare journal entries to record the following transactions for Emerson Corporation.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.July 15 Declared a cash dividend payable to common stockholders of $174,000.August 15 Date of record is August 15 for the cash dividend declared on July 15.August 31 Paid the dividend declared on July 15.

At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported.Common stock, $14 par value $ 360,000Paid-in capital in excess of par value, common stock 90,000Retained earnings 380,000In the fourth quarter, the following entries related to its equity are recorded.Date General Journal Debit CreditOctober 2 Retained Earnings 60,000    Common Dividend Payable   60,000October 25 Common Dividend Payable 60,000    Cash   60,000October 31 Retained Earnings 91,000    Common Stock Dividend Distributable   44,000  Paid-In Capital in Excess of Par Value, Common Stock   47,000November 5 Common Stock Dividend Distributable 44,000    Common Stock, $14 Par Value   44,000December 1 Memo—Change the title of the common stock      account to reflect the new par value of $4.    December 31 Income Summary 210,000    Retained Earnings   210,000Required:2. Complete the following table showing the equity account balances at each indicated date.