Question 03 b
(b)
Identify the accounting entries that are made for a cash dividend and the date of each entry.
Debit
Credit
Declaration Date
Record Date
Payment Date
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Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

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