Hemingway corporation has 100,000 shares of common stock issued and outstanding. at the meeting of the board of directors on december 1, the board voted to declare a cash dividend of $5 per share to be paid on december 31, to shareholders of record as of december 16.complete the necessary journal entry on the date of declaration by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Explanation:

The adjusting entry is shown below:

Cash Dividend A/c Dr $500,000

        To Dividend payable               $500,000

(Being dividend is declared)

The dividend amount is computed below:

= Number of shares held × cash dividend per share

= 100,000 shares × $5

= $500,000

As dividend is declared so we debited the cash dividend account and credited the dividend payable as it is a current liability

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

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