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The declaration, record, and payment dates in connection with a cash dividend of $53,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No entry required" and leave the amount boxes blank. Oct. 1 Cash Dividends 53,000 Cash Dividends Payable 53,000 Nov. 7 Common Stock No entry required Dec. 15 Cash Dividends Payable 53,000 Cash 53,000

The declaration, record, and payment dates in connection with a cash dividend of $53,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No entry required" and leave the amount boxes blank. Oct. 1 Cash Dividends 53,000 Cash Dividends Payable 53,000 Nov. 7 Common Stock No entry required Dec. 15 Cash Dividends Payable 53,000 Cash 53,000

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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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $53,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No entry required" and leave the amount boxes blank. Oct. 1 Cash Dividends 53,000 Cash Dividends Payable 53,000 Nov. 7 Common Stock No entry required Dec. 15 Cash Dividends Payable 53,000 Cash 53,000
Transcribed Image Text:Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $53,000 on a corporation's common stock are October 1, November 7, and December 15. Journalize the entries required on each date. If no entry is required, choose "No entry required" and leave the amount boxes blank. Oct. 1 Cash Dividends 53,000 Cash Dividends Payable 53,000 Nov. 7 Common Stock No entry required Dec. 15 Cash Dividends Payable 53,000 Cash 53,000
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