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Following is a recent Tangent press release: MINNEAPOLIS, March 12, 2020 /PRNewswire/-The board of directors of Tangent Corporation has declared a quarterly dividend of 70

Following is a recent Tangent press release: MINNEAPOLIS, March 12, 2020 /PRNewswire/-The board of directors of Tangent Corporation has declared a quarterly dividend of 70 cents per common share. The dividend is payable June 10, 2020, to shareholders of record at the close of business May 20, 2020. Prepare the journal entries Tangent used to record the declaration and payment of the cash dividend for its 500 million shares. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). View transaction list Journal entry worksheet 1 2 3 Record the journal entry on the declaration date. Note: Enter debits before credits Event General Journal Debit Credit View transaction list Journal entry worksheet < 1 2 2 3 Record the journal entry on the date of record. Note: Enter debits before credits. Event 2 + General Journal Debit Credit Record entry Clear entry View general journal 29:19 ook rint rences Journal entry worksheet < 1 2 3 Record the journal entry on the payment date. Note: Enter debits before credits. Event 3 General Journal Debit Credit Record entry Clear entry View general journal

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