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general joirnal entries 9 - Oct. 14: The Boand of Directors meets and decides to pay a dividend of 50.20 per share. 10 -Oct. 17:
general joirnal entries
9 - Oct. 14: The Boand of Directors meets and decides to pay a dividend of 50.20 per share. 10 -Oct. 17: The lawyer sends a statement showing 5800 worth of legal charges. 13 - Oct. 18: The dividend checks are mailed. 12 Oct. 25: Purchasod 5% of the 300,000 shares of common stock of Company C for $2 per share. 13. - Ot. 31: Maddic counts the supplies and realizes there are only $300 of supplies on hand. 14 - Oct.31: The bookkeeper takes one month's depreciation on the equipment. It has a salvage value of 5300 and a life of 3 years. 15. Oet. 31: Company C reported net income of 5244,000 for the year and they declared and paid a $75,000 dividend Step by Step Solution
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