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2. Record the appropriate journal entry on May 20 related to the cash dividend. 3. Record the appropriate journal entry on June 14 related to
2. Record the appropriate journal entry on May 20 related to the cash dividend.
3. Record the appropriate journal entry on June 14 related to the cash dividend.
On April 15 of this year, the board of directors for Jedi Company declared a cash dividend of 46 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The company has 119,000 shares of stock outstanding. Prepare any necessary journal entries for each date. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the appropriate journal entry on April 15 related to the cash dividend Note: Enter debits before credits. Date General Journal Debit Credit April 15 Record entry Clear entry View general journalStep by Step Solution
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