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Nutritious Pet Food Company's board of directors declares a cashd 2,400 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend?

Nutritious Pet Food Company's board of directors declares a cashd 2,400 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend?

FINANCIAL ACCOUNTING
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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eNOWv2 | Online teachin x = Ch. 12 Key Terms - Principles of . + LAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false cel Your. Startup Opportuniti. V How brands are co... Assignment Practic.. A COVID-19 Student. * C20-128PR01-2016.. O Final Exam Review -. 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 2,400 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not reguire an entry, leave it blank. Nov. 12 Previous Next
Transcribed Image Text:eNOWv2 | Online teachin x = Ch. 12 Key Terms - Principles of . + LAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false cel Your. Startup Opportuniti. V How brands are co... Assignment Practic.. A COVID-19 Student. * C20-128PR01-2016.. O Final Exam Review -. 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 2,400 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not reguire an entry, leave it blank. Nov. 12 Previous Next
our... F Startup Opportuniti. V How brands are co. Assignme Nutritious Pet Food Company's board of directors declares a cash di 2,400 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? Nov. 12 Cash Dividends Payable Cash Common Stock Office Equipment Retained Earnings
Transcribed Image Text:our... F Startup Opportuniti. V How brands are co. Assignme Nutritious Pet Food Company's board of directors declares a cash di 2,400 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? Nov. 12 Cash Dividends Payable Cash Common Stock Office Equipment Retained Earnings
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