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Exercise 10-8A Record cash dividends (LO10-5) On March 15, American Eagle declares a quarterly cash dividend of $0.110 per share payable on April 13 to
Exercise 10-8A Record cash dividends (LO10-5) On March 15, American Eagle declares a quarterly cash dividend of $0.110 per share payable on April 13 to all stockholders of record on March 30. Required: Record American Eagle's declaration and payment of cash dividends for its 213 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).) View transaction list Journal entry worksheet Record the declaration of cash dividends. Note: Enter debits before credits. Date Debit Credit March 15 General Journal Dividends Dividends Payable Record entry Clear entry View general journal Journal entry worksheet Record the entry on the date of record. Note: Enter debits before credits. Date General Journal Debit Credit March 30 Record entry Clear entry View general journal Journal entry worksheet
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