Hemingway corporation has 100,000 shares of common stock issued and outstanding. at the meeting of the board of directors on december 1, 2018, the board voted to declare a cash dividend of $5 per share to be paid on december 31, 2018, to shareholders of record as of december 16, 2018. complete the necessary journal entry on the date of declaration by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

The journal entry for the same is shown below:

Explanation:

Retained earnings A/cDr   $500,000

         Dividends payableA/cCr  $ 500,000

Cash dividend is declared by the board on 100,000 shares, therefore, the  account of retained earnings is debited whereas the account of dividend payable is credited.

Working Note:

Amount = Shares × Price per share

where

Shares is 100,000

Price is $5 per share

= 100,000 × $5

= $500,000

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c