Entries for Cash Dividends

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 4.10C
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Entries for Cash Dividends
The declaration, record, and payment dates in connection
with a cash dividend of $48,600 on a corporation's common
stock are July 9, August 31, and October 1. Journalize the
entries required on each date.
If no entry is required, select "No Entry Required" and
leave the amount boxes blank. If an amount box does not
require an entry, leave it blank.
July 9
Aug. 31
Oct. 1
Transcribed Image Text:Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $48,600 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. July 9 Aug. 31 Oct. 1
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