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On February 16, Hawthorne Co, declares a $0.42 dividend to be paid on April 5. Hawthorne has 2,080,000 shares of common stock issued and outstanding.

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On February 16, Hawthorne Co, declares a $0.42 dividend to be paid on April 5. Hawthorne has 2,080,000 shares of common stock issued and outstanding. The entry recorded by the company on February 16 includes a debit to: Multiple Choice Dividends Payable and a credit to Cash for $873,600 Dividends and a credit to Dividends Payable for $873,600. Oo oo Dividends Payable and a credit to Cash for $820,240 Dividends and a credit to Dividends Payable for $020 240

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