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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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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