HANDOUT 11-2 CASH DIVIDENDS of stock authorized, 120,000 shares issued, and 100,000 shares has 200,000 sho frectors declared a cash dividend of S0.50 per share, with a On August 1, Jones on October 1 record date of September 1. The dividend will be paid Prepare the journal entries required them to the related T-accounts: red to record the transactions described above, as needed, and then post the transa Aug. 1 Sept. I Oct. 1 Instructor's Resource Manual, Chapter I1 Copyright 2016 11-23