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Blossom Mining Co, has retainedearnings of $1,470,000, acoumulated depletion on its one mine of $2,240,000, and pad in capital in excess of par of $4,134,000.

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Blossom Mining Co, has retainedearnings of $1,470,000, acoumulated depletion on its one mine of $2,240,000, and pad in capital in excess of par of $4,134,000. Blossom' board of directors approves a liquiduting dividerd of $3,60 per share on its 497,000 shar es of outstanding stock. Create the journal entry for the payment of the liquidating dividend. I Credit account citie are outamaticolly indented whien the anount is entered. Do not indent manuolly If no entry is required, select "No Entry" for the dcrount tithes and enter O for the amounts Ust dcbit entyy before credil entryd

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