Declaration of Cash Dividend} Travis Corporation expected to pay its shareholders a dividend in January 2018. The
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Declaration of Cash Dividend}
Travis Corporation expected to pay its shareholders a dividend in January 2018. The cash dividend of \(\$ 75,000\) was declared on December 31, 2017.
\section*{Required:}
What is the appropriate journal entry to record this declaration?
\section*{Brief Exercise
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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