On February 1, 2020, Eve Enterprises declares a cash dividend of $9,30 common shareholders to be paid on February 4. Record the journal ent for these transactions. Assume the company uses the cash dividends account to record declaration of cash dividends. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Feb 1 Record dividend payable
On February 1, 2020, Eve Enterprises declares a cash dividend of $9,30 common shareholders to be paid on February 4. Record the journal ent for these transactions. Assume the company uses the cash dividends account to record declaration of cash dividends. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Feb 1 Record dividend payable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
C5.4
Transcribed Image Text:On February 1, 2020, Eve Enterprises declares a cash dividend of $9,300 to
common shareholders to be paid on February 4. Record the journal entries
for these transactions. Assume the company uses the cash dividends
account to record declaration of cash dividends.
Do not enter dollar signs or commas in the input boxes.
Date
Account Title and Explanation
Debit
Credit
Feb
1
Record dividend payable
Feb
4
Pay dividends declared
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