entered. Do not indent manually. If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts.)
( b) How would the entry differ if the dividend were a liquidating dividend?( Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts.)
5) Shown below is the liabilities and stockholders’ equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company. Each has assets totaling $ 4,517,200.
Jana Kingston Co. Mary Ann Benson Co.
Current liabilities |
$ 315,000 |
Current |
liabilities |
$ 815,000 |
|
Long-term debt, 8 % |
1,306,000 |
Common |
stock($ 20 par) |
2,990,000 |
|