On August 17, the company declared cash dividends of $35,000. The dividends were paid on September 16.

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On August 17, the company declared cash dividends of $35,000. The dividends were paid on September 16. Make the journal entries necessary to record both events.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:57 AM

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On August 17, the company declared cash dividends of $35,000. The dividends were paid on September 16.

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Intermediate Accounting

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