Question
December 1, 2019, the directors XYC declare a $1.75 per share cash dividend on 275,000 shares of $10 par value common stock. The dividend is
December 1, 2019, the directors XYC declare a $1.75 per share cash dividend on 275,000 shares of $10 par value common stock. The dividend is payable on January 25, 2020 to shareholders of record on December 22, 2019. Prepare the journal entries for the following dates:
December 1, 2019 (Declaration date)
December 22, 2019 (Date of record)
January 25, 2020 (Payment Date)
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
