KL Electronics has paid a quarterly dividend of $.42 per share for the past two years. This quarter, the firm plans to pay $.42 plus an additional $.05 per share. The firm has stated that it is uncertain whether it will pay $.42 or $.47 per share next quarter. Which one of the following is the best description of the additional $.05 that is being paid this quarter? A) Liquidating dividend
B) Special dividend
C) Extra dividend
D) Stock dividend
E) Normal dividend

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.