The declaration, record, and payment dates in connection with cash dividend of $350,000 on a corporation's common stock are February 28, April 1, and May 15. Jornalize the entries required on each date. The declaration, record and payment dates in connection with cash dividend of $350,000 on a corporation's common stock are February 1, March 18, and May 1. Jornalize the entries required on each date.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 8MC: The total amount of cash and other assets received by a corporation from the stockholders in...
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The declaration, record, and payment dates in connection with cash dividend of $350,000 on a corporation's common stock are February 28, April 1, and May 15. Jornalize the entries required on each date.

The declaration, record and payment dates in connection with cash dividend of $350,000 on a corporation's common stock are February 1, March 18, and May 1. Jornalize the entries required on each date.

Date                                   Account description                        Debit                    Credit

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