On March 1st, the board of directors of Bubbly Beverage declares a cash dividend of $70,000. The date of record is March 15th, and the dividend will be paid on March 30th. Record all of the journal entries related to this dividend. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 1) Record the declaration of cash dividends. 2) Record the entry on the date of record. 3) Record the payment of cash dividends.

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Q: Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash…

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Q: Entries for Cash Dividends

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.