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Desert Apparel has 6,000 shares of common stock outstanding. On April 1, the company declares a $3 per share dividend to stockholders of record
Desert Apparel has 6,000 shares of common stock outstanding. On April 1, the company declares a $3 per share dividend to stockholders of record on April 15. The dividend is paid on April 30. Record all necessary entries on the appropriate dates for cash dividends. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 3 Record the declaration of cash dividends of $3 per share to stockholders of record on April 15. Note: Enter debits before credits Date April 01 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 Record the entry for the dividends on the date of record. Note: Enter debits before credits. Date April 15 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 Record the cash dividend paid. Note: Enter debits before credits. Date April 30 General Journal Debit Credit Record entry Clear entry View general journal
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