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 11,000 shares but 2,200 shares are held as treasury shares.What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank.Nov. 12 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 11,000shares but 2,200 shares are held as treasury shares.What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank.Nov. 12

A journal entry is the recording of financial transactions of business entity in the books of…

Answered: Nutritious Pet Food Company’s board of…

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 11,000 shares but 2,200 shares are held as treasury shares.

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

Nov. 12

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 11,000
shares but 2,200 shares are held as treasury shares.
What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank.
Nov. 12

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