The declaration, record, and payment dates in connection with a cash dividend of $350,000 on a corporation’s common stock are february 28, april 1, and may 15.

journalize the entries required on each date. if no entry is required, simply skip to the next transaction.

refer to the chart of accounts for exact wording of account titles.

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $