Basse corporation has 7,000 shares of common stock outstanding. it declares a $1 per share cash dividend on november 1 to stockholders of record on december 1. the dividend is paid on december 31. prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: