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Hi, I need help making a journal entry.

Hi, I need help making a journal entry.

Sept. 1 ,2019: Joe issued himself 5,000 shares of Tucker Boats, Inc common stock (no par) at a price of $20 per share. Joe transferred $100,000 cash from his personal bank account and deposited it in a checking account in the name of Tucker Boars Inc.

Sept. 28,2019: Joe and his wife, who are vice-president of Tucker Boats, constitute the board of directors.  They met and declared a $.30 per share cash dividend, to be paid on March 15, 2014.

Would there be a journal entry for Sept. 28, 2019? If so, what would it look like?

 

Sep 14 2020 View more View Less

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