At 30 June 2023, the board of directors of ABC Co.declared a final dividend of 10c per share on 60 000 ordinary shares.The dividend was paid in August 2023. Record the journal entry of payment of the dividendN ParagraphBIEE四回<>Path: p

Date Account titles and explanation Debit Credit August 2023 Dividends payable 6,000 Cash…

Answered: At 30 June 2023, the board of directors…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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At 30 June 2023, the board of directors of ABC Co. declared a final dividend of 10c per share on 60 000 ordinary shares. The dividend was paid in August 2023. Record the journal entry of payment of the dividend