Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $80,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct.1 Cent Cash Dividends Payable Nov. 7 No Entry Required No Entry Required Dec 15 Cash Dividends Payable 88 88

Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $80,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Oct.1 Cent Cash Dividends Payable Nov. 7 No Entry Required No Entry Required Dec 15 Cash Dividends Payable 88 88

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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