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Bogscraft Company has outstanding 6 0 , 0 0 0 shares of $ 1 0 par value common stock and 2 5 , 0 0
Bogscraft Company has outstanding shares of $ par value common stock and shares of $ par value preferred stock percent On February the board of directors voted in favor of an percent cash dividend on the preferred stock. The cash dividends were paid on March The company closed its books at its fiscal yearend, June
Required:
Prepare journal entries to record the events on a February b March and c June If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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tableNoDate,,,Debit,CreditFebruary Dividends Payable,
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