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Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $50,000 on a corporation's common stock are October
Entries for Cash Dividends
The declaration, record, and payment dates in connection with a cash dividend of $50,000 on a corporation's common stock are October 1, November 7, and December 15.
Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
Oct. 1 | Cash Dividends | fill in the blank | |
Cash Dividends Payable | fill in the blank | ||
Nov. 7 | No Entry Required | fill in the blank | |
No Entry Required | fill in the blank | ||
Dec. 15 | Cash Dividends Payable | fill in the blank | |
Cash | fill in the blanks | fill in the blank |
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