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Blossom Inc. declared a cash dividend of $1.35 per share on its 4 million outstanding shares. The dividend was declared on August 1, payable on
Blossom Inc. declared a cash dividend of $1.35 per share on its 4 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries necessary on those three dates. (Enter answers in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit
aug 1
aug 15
sep 9
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