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declared a So 50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22.800 31 shares issued, and 17,200 shares
declared a So 50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22.800 31 shares issued, and 17,200 shares of common stock outstanding The journal entry to record the dividend declaration is poins 2 Debit Reained Eanings $8.600 credit Common Dividends Peyable $8,600 Debit Common Dividends Payable $8.600, credt Cash $8.600 Dest Retained ning $1400. cest Common Diviens Peyabie 5$1400
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