Question
Green Rock Corporation had the following transaction on: Oct .31: It declared cash dividend of $72,500 Dec. 15: It set date of record Jan. 25:
Green Rock Corporation had the following transaction on:
Oct .31: It declared cash dividend of $72,500
Dec. 15: It set date of record
Jan. 25: Will pay dividend.
a. Make the journal entries to record the transactions on the above dates
b. What is the significance of the date of December 15?
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
