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Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to stockholders of record
Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Record all transactions 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.) Answer is not complete. No Date 1 October 01 Stock Dividends Dividends Payable 2 October 15 Dividends Payable Cash 3 October 31 No Journal Entry Required General Journal Debit Credit 3,000 3,000 3,000 3,000
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