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Giant Slippers released the following information. 1 Sept 5Giant Slipperss today announced that its Board of Directors has declared a special cash dividend of $1.00

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Giant Slippers released the following information. 1 Sept 5Giant Slipperss today announced that its Board of Directors has declared a special cash dividend of $1.00 per share on its 400,000 outstanding common shares. The dividend will be paid on Dec 29 to shareholders of record at the close of business on Dec 26. What Journal Entries must be written on these dates? September 5th Account Debit Credit December 29th Account De bit Credit

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