Mercer Corporation has 200,000 shares of $10 stated value no-par common stock authorized,and 160,000 shares were outstanding during 2009.The following transactions relate to cash dividends of Mercer Corporation for the year ended December 31,2009.Prepare entries in journal form without explanations to record the following transactions:
Definitions:
Special Expertise
Possession of high-level knowledge or skills in a specific area, making an individual exceptionally qualified in that domain.
Clients
Individuals or entities that seek and use the professional services or advice of a company or professional.
Agile Manufacturing
A method of manufacturing which emphasizes flexibility and adaptability to respond rapidly to customer needs and market changes.
Automated Operations
The use of technology to perform tasks or processes automatically, typically involving minimal human intervention.
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