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Bogscraft Company has outstanding 60,500 shares of $10 par value common stock and 25,100 shares of $20 par value preferred stock (8 percent). On February
Bogscraft Company has outstanding 60,500 shares of $10 par value common stock and 25,100 shares of $20 par value preferred stock (8 percent). On February 1, the board of directors voted in favor of an 8 percent cash dividend on the preferred stock. The cash dividends were paid on March 15. The company closed its books at its fiscal year-end, June 30 Required Prepare journal entries to record the events on (a) February 1, (b) March 15, and (c) June 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 10 points 02:40:26 View transaction list View journal entry worksheet Date Debit Credit General Journal 0 February 01 Dividends Print Dividends Payable Dividends Payable 2 March 15 References Cash June 30 Retained Eamings Dividends
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