Business, 06.01.2021 22:00 zhellyyyyy

Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares $2 dividend on March 2, payable on April 2. The journal entry for the payment of the Cash dividend on April 2 is:

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The journal entries that would take place in the books of Davis enterprises as on April 2nd will take effect as debit in dividend payable Ac which would in turn be credited to the Cash Ac.

Journal entries is a simple format of recording the financial transactions of an organization in a chronological manner as they keep occurring in the business.

There will be debit in dividend payable account which would lead to take entry in the cash ac in the ledger accounts of the organization, here, Davis Enterprises.There are 250000 share outstanding at the end of Davis Enterprises and the dividend of $2 has been declared per share which will lead to declaration of $500000 dividend in amount.This $500000 will be distributed proportionately among the shareholders of the firm by virtue of number of shares being held by them in their demat accounts as on the record date.

Hence, the dividend of $500000 will be declared by Davis Enterprises and the journal entries are attached below.

To know more about journal entries, click on the link below.

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Answer from: zara76

Answer with explanation:

Total shares = 250,000

Dividend per share = $ 2

Total dividend = (Total shares) x (dividend ) = 250,000 x 2 = $500,000

So, the journal entry for the payment of the Cash dividend on April 2 would be :

Date particular business transaction Debit Credit

April 2 Dividend payable A/c Dr. $500,000

To cash A/c Cr. $500,000

Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares $2 div

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

Answerprice ceiling;

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