Question
On Aug 30, a company declared a cash dividend of $0.30 per common share to the shareholders of record on Sept 15. The cash dividend
On Aug 30, a company declared a cash dividend of $0.30 per common share to the shareholders of record on Sept 15. The cash dividend will be paid on Sept 30. This company has 500,000 shares authorized and 100,000 shares outstanding. Prepare the journal entries required on Aug 30, Sept 15, and Sept 30.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
