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June 9 A check was issued to pay a cash dividend of $0.06 per share to all June 1 stockholders of record. The dividend was
June 9A check was issued to pay a cash dividend of $0.06 per share to all June 1 stockholders of record. The dividend was declared on May 9, and is payable today, June 9. The company had 40,000 common shares outstanding as of June 1. Journalize the appropriate entry.
A check was issued to pay a cash dividend of $0.06 per share to all June 1 stockholders of record. The dividend was declared on May 9, and is payable today, June 9. The company had 40,000 common shares outstanding as of June 1.
Journalize the appropriate entry.
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