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help with either of these please On February 5, 2021, Cinch Rental Comporation's boasd of directois dectared a dividond of 50.20 , to be poid
help with either of these please
On February 5, 2021, Cinch Rental Comporation's boasd of directois dectared a dividond of 50.20 , to be poid an Morch 18, 2021, to the sheveholders of rocord as of the dione of buninnss on March 9, 2021. Cinch has 6,200,000 shares of 50.01 parwalue common stock authortred with 1,200,000 shares issued and outstanding. The company has no precanted stock. Record the doclarntion of the cividend and the peyment of the disdend. Incluse the proper dates with each pumal entry. (Fecord debits frat, then foumal entries.] Record the joumal entry for the dedaration of the dividend. Be sure to select the proper date for the entry. hed oost the oompeny 54 million. pecbiem statement) Firs, record the purchese of the treasury slock Step by Step Solution
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