MC Qu. 11-109 Mapleleaf Industrles declared a...Mapleleaf Industries declared a $0.90 per share cash dividend. The company has 140,000 shares authorized, 53,000 shares issued, and 50,000 shares of common stock outstanding. What is the journalentry to record the dividend declaration?Multiple CholceDebit Dividends and credit DMdends Payable for $47,700.Debit DIvidends and credit Dvidends Payable for $45,000.Debit DIvidends Payable and credit Cash for $47700.Debit DIvidends Payable and credit Cash for $126.000.< Prev26 of 30Next >ype here to searchWTrop storm warning11:37 AM8/21/2021DELL...

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Mapleleaf Industries declared a $0.90 per share cash dividend. The company has 140.000 shares authorized, 53.000 shares issued, and 50,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Debit Dividends and credit DMdends Payable for $47700. Debit Dividends and credit Dividends Payable for $45,000. Debit Dividends Payable and credit Cash for $47700 Debit Dividends Payable and credit Cash for $126,000.

Mapleleaf Industries declared a $0.90 per share cash dividend. The company has 140.000 shares authorized, 53.000 shares issued, and 50,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Debit Dividends and credit DMdends Payable for $47700. Debit Dividends and credit Dividends Payable for $45,000. Debit Dividends Payable and credit Cash for $47700 Debit Dividends Payable and credit Cash for $126,000.

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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