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Hemingway Corporation has 100,000 shares of common stock issued and outstanding. Al the meeting of the board of directors on December 1, 2015, the board

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Hemingway Corporation has 100,000 shares of common stock issued and outstanding. Al the meeting of the board of directors on December 1, 2015, the board voted to declare a cash dividend of $5 per share to be paid on December 31, 2015, to shareholders of record as of December 16, 2015. Complete the necessary joumal entry for the payment of the dividend ly selecting the account names and collar amounts from the drop down menus Date Account Title Debit Credit Dec. 31 select select select select select select

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