On January 1st ABC company declared a SRO.50 per share cash dividend on 8,000 shares of common stock outstanding. The dividend will be paid on March 1st to stockholders of record on February 1st. Write the journal entry for the following dates Date of declaration. Date of record. Date of payment.

On January 1st ABC company declared a SRO.50 per share cash dividend on 8,000 shares of common stock outstanding. The dividend will be paid on March 1st to stockholders of record on February 1st. Write the journal entry for the following dates Date of declaration. Date of record. Date of payment.

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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Question

Acct101
On January 1st ABC company declared a
SRO.50 per share cash dividend on 8,000
shares of common stock outstanding. The
dividend will be paid on March 1st to
stockholders of record on February 1st.
Write the journal entry for the following dates
:-
Date of declaration.
Date of record.
Date of payment.

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