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Kingbird Service Corporation has 1 , 2 6 0 , 0 0 0 authorized shares of $ 2 0 par value common stock. As of
Kingbird Service Corporation has authorized shares of $ par value common stock. As of June there were shares issued and outstanding. On June the board of directors declared a $ per share cash dividend to be paid on August
Prepare the necessary journal entries to be recorded on a the date of declaration, b the date of record, and c the date of payment. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
No Account Titles and Explanation
Debit
Credit
a
b
c
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