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Bridgeport Corp. has 7,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on

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Bridgeport Corp. has 7,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced.) Assets Liabilities Paid-in-Capital Dividend Payable + Cash Revenu Nov. 1 Dec. 31 Bridgeport Corp. has 7,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Expense Dividend Revenue $ $ $ Preferred stock Paid-in capital in excess of preferred stoc Interest expense Dividends Attempts Pald-in capital in excess of common stock Common stock Save for Later

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