Effect of cash dividends on financial statements

On October 1, 2011, Evans Corporation declared a $50,000 cash dividend to be paid on December 30 to shareholders of record on November 20.

Required

Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).

Date

Assets

=

Liabilities

+

Com. Stock

+

Ret. Earn.

Rev.

Exp.

=

Net Inc.

Cash Flow