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 12,000 shares but 2,000 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend?   The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend?

Q: Pina

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