Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 14,000 shares but 2,500 shares are held as treasury shares. The company pays the dividend on December 14.What is the journal entry to record the payment of the dividend? If an amount box does not require an entry, leave it blank.Dec. 14 fill in the blank 2fill in the blank 3 fill in the blank 5fill in the blank 6 Nutritious Pet Food Company's board of directors declares a cash dividend of $1.00per common share on November 12. On this date, the company has issued 14,000shares but 2,500 shares are held as treasury shares. The company pays the dividendon December 14.What is the journal entry to record the payment of the dividend? If an amount boxdoes not require an entry, leave it blank.88Dec. 14

Journal Entry to record Dividend declared: Date Account title and explanation Debit Credit…

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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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Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 14,000 shares but 2,500 shares are held as treasury shares. The company pays the dividend on December 14.

What is the journal entry to record the payment of the dividend? If an amount box does not require an entry, leave it blank.

Dec. 14		fill in the blank 2	fill in the blank 3
		fill in the blank 5	fill in the blank 6

Nutritious Pet Food Company's board of directors declares a cash dividend of $1.00
per common share on November 12. On this date, the company has issued 14,000
shares but 2,500 shares are held as treasury shares. The company pays the dividend
on December 14.
What is the journal entry to record the payment of the dividend? If an amount box
does not require an entry, leave it blank.
88
Dec. 14

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