The declaration, record, and payment dates in connection with a cash dividend of $61,000 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. If an amount box does not require an entry, leave it blank. Oct. 1 Cash Dividends        Cash Dividends Payable      Nov. 7 No Entry Required        No Entry Required      Dec. 15 Cash Dividends Payable        Cash

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The declaration, record, and payment dates in connection with a cash dividend of $61,000 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. If an amount box does not require an entry, leave it blank.

Oct. 1 Cash Dividends     
  Cash Dividends Payable     
Nov. 7 No Entry Required     
  No Entry Required     
Dec. 15 Cash Dividends Payable     
  Cash     
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