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Posted on Aug 07, 2024

Fit and Fab Corporation purchased 2 0 , 0 0 0 shares of Healthy, Inc. common stock for $ 2 2 per share. Healthy, Inc.,

Fit and Fab Corporation purchased

20, 000

shares of Healthy, Inc. common stock for $

22

per share. Healthy, Inc., which has issued

80, 000

shares of stock, declares a cash dividend of $

2

per share to stockholders. Which journal entry correctly records the Cash Dividend received by Fit and Fab Corporation?

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