Chapter 11 - Reporting and Interpreting Owners’ Equity
M11–7.
April 15:
Retained Earnings (-SE) .............................................. Dividends Payable (+L) ............................................June 14:
Dividends Payable (-L) ................................................. Cash (-A) ..................................................................
65,000
65,000
65,000
65,000
M11–10.
Retained Earnings (-SE) .............................................. Common Stock (+SE) ..............................................
800,000
800,000