question 6 attached in ss belowthanks for help appreciated it14ih1h1h5j On February 5, 2021, Breeze Rental Corporation's board of directors declared a dividend of $0.12, to be paid on March 18, 2021, to the shareholders of record as of the close of business on March 9, 2021. Breeze has 4,000,000shares of $0.01 par-value common stock authorized with 1,200,000 shares issued and outstanding. The company has no preferred stock.Record the declaration of the dividend and the payment of the dividend. Include the proper dates with each journal entry. (Record debits first, then credits. Exclude explanations from any journal entries.)Record the journal entry for the declaration of the dividend. Be sure to select the proper date for the entryDate2021Journal EntryAccountsDebitCreditC

Dividends payable = Common stock outstanding × dividend per share

Answered: On February 5, 2021, Breeze Rental…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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